Lowest gas prices in 9-months await Thanksgiving road travelers

This past week a new survey reported that US gas prices have fallen to the lowest since February, helping Americans taking to the road this Thanksgiving weekend save a combined $573 million during holiday travel compared to last year.

The study, conducted by the gas savings app and news website GasBuddy, reported that more Americans plan to take to the road for the holiday, with 41 percent of those surveyed saying they plan to take a road trip this year, an 8% increase from 2022.

Those driving for the holiday will find the national average price of a gallon of regular gasoline dropping to $3.25 per gallon.

“More Americans are planning on hitting the road for the Thanksgiving holiday this year, and it’s no wonder why,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Average gas prices have plummeted in all 50 states in the weeks ahead of Thanksgiving, with $2.99 prices spreading like wildfire just in time for the start of the holiday season. Drivers will be saving over half a billion dollars from Wednesday through Sunday compared to what they spent last Thanksgiving with the national average at its lowest since January.”

Other highlights of the GasBuddy’s 2023 Thanksgiving Travel Survey:

- 46 percent said gas prices was the most important factor when choosing a pitstop

- 19 percent of respondents said inflation kept them from traveling this year

- 55 percent of respondents said they will be using a cash back or loyalty program to save money on gas

- 39 percent of Americans said they are more interested in owning an Electric Vehicle than last year, with 18- to 29-year-olds showing the most interest in switching to an EV

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