Delaware Public Media

Gas prices poised to drop before Thanksgiving travel

Nov 20, 2017

As many across the Mid-Atlantic region prepare for a Thanksgiving road trip, they will find that gas prices have remained fairly stable, even dipping a penny or two on the week.

 

AAA expects gas prices to drop between five and 10 cents by Thanksgiving weekend.

Sunday’s national gas price average was $2.54, which is two cents lower than one week ago, eight cents higher than one month ago and 40-cents higher than this time last year.

AAA says though it expects prices at the pump to drop five to 10-cents by Thanksgiving weekend, travelers taking to the roads for the holiday will experience higher gas prices than last year.

However, she says as colder temperatures become the norm and gasoline demand decreases, drivers should see prices start to slowly dip heading into the end of the year.

AAA projects 50.9 million Americans will journey 50 miles or more away from home this Thanksgiving; that’s a 3.3 percent increase over last year. Nearly 90 percent of those traveling – 45.5 million – are planning a Thanksgiving road trip, a 3.2 percent increase over last year.