US Gasoline Price Approaches Level for Last Thanksgiving



US Gasoline Price Approaches Level for Last Thanksgiving
AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.

On Tuesday, the American Automobile Association (AAA) reported that average U.S. price of a gallon of unleaded gasoline is $2.62 – just seven cents higher than a year ago.

“The nearly 49 million Americans hitting the road for Thanksgiving will find pump prices similar to last year,” Jeanette Casselano, AAA spokesperson, said in a written statement.

In fact, AAA contends that motorists should add cheaper gasoline prices to their list of “things for which to be thankful” this Thanksgiving because the $2.62 figure reflects a seven-cent decline from the previous week – the largest one-week decline in pump price this year.

As this AAA graph shows, the average U.S. gasoline price is higher that it was for corresponding periods in 2015 through 2017. However, the graph also reveals this year’s price has been on a steady decline since early October. AAA also noted that the following 10 states have the cheapest average gasoline prices as of Nov. 19:

  • Missouri ($2.27)
  • Delaware ($2.28)
  • Oklahoma ($2.28)
  • Texas ($2.32)
  • South Carolina ($2.33)
  • Louisiana ($2.33)
  • Alabama ($2.36)
  • Kansas ($2.36)
  • Mississippi ($2.37)
  • Arkansas ($2.38)

AAA’s prediction of nearly 49 million Americans traveling by automobile over the Thanksgiving holiday exceeds last year’s projection of 45.5 million.

Compared to motorists in other parts of the world, U.S. motorists also enjoy relatively affordable gasoline. A chart in this January 2018 Rigzone article compares average gasoline prices among various developed countries. The website GlobalPetrolPrices.com provides a more comprehensive, more recent comparison of gasoline prices worldwide.



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