(OIL PRICE) – This year’s average U.S. gasoline prices on Thanksgiving are expected to be at their highest level ever for the holiday and beat the previous record from Thanksgiving of 2012, according to estimates from fuel-savings app GasBuddy.
Despite the record-high average gasoline prices, 20% more Americans plan to travel by car for the holiday weekend, compared to 2021, especially after Covid precautions have significantly eased compared to the previous two years, according to GasBuddy. Moreover, gasoline prices have dropped a lot from the record highs in June.
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Per GasBuddy estimates, the national average is projected to stand at $3.68 a gallon on Thanksgiving Day – nearly 30 cents higher than last year and over 20 cents higher than the previous record of $3.44/gal set in 2012.
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