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Thanksgiving gas prices projected to be highest in five years in St. Lawrence County, rest of nation

Posted 11/23/19

GasBuddy, a smartphone app aimed at helping consumers avoid paying too much for fuel, projects the national average gasoline price for Thanksgiving will be at its highest since 2014. The projected …

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Thanksgiving gas prices projected to be highest in five years in St. Lawrence County, rest of nation

Posted

GasBuddy, a smartphone app aimed at helping consumers avoid paying too much for fuel, projects the national average gasoline price for Thanksgiving will be at its highest since 2014.

The projected price this Thanksgiving will be $2.56 per gallon, a penny higher than last year. The national average has seen a smaller decline since October than usual, part of the reason for the higher prices this Thanksgiving versus last year, GasBuddy says in a press release. While prices have averaged a 10-cent decline from October to mid-November over the last decade, this year has seen a decline of just 5 cents over the same time frame.

According to GasBuddy’s Annual Holiday Travel Survey, 30% of participants said high gas prices were impacting their travel plans, a 2% decrease from last year.

A 7% increase in travelers on the road for Thanksgiving is expected this year compared to 2018, with more than half of drivers having 1-2 passengers in the car with them. Nearly one fifth of drivers expect to spend 4-6 hours in the car.

Getting ahead of the holiday expenses, more than two-thirds of consumers will be using a loyalty or cash back program to save money or earn rewards when they fill-up for their Thanksgiving trip.

GasBuddy offers several money-saving tips for motorists on the road this holiday season:

• The Day of the Week Matters. GasBuddy has analyzed gas price data year-over-year and found that Monday offers the lowest average gas price in 30 states, making it the best day to fill up. The day with the most expensive average gas prices: Friday.

• Don’t Drive Like a Maniac. Aggressive driving habits like speeding, rapid acceleration and braking can cost drivers up to an extra $477 per year in fuel consumption. Drivers in Los Angeles, Philadelphia and Sacramento, Calif. are the most aggressive drivers in the country, according to a recent GasBuddy study.