WSAR NEWS

Highest Thanksgiving Gas Prices Ever, Yet 20% More Americans Plan to Hit the Road Projected average price of $3.68 on Thanksgiving Day will break record set 10 years ago

BOSTON (November 15, 2022) -- As Americans prepare to hit the road for Thanksgiving, average gasoline prices will be at their highest seasonal level ever for the weekend according to GasBuddy, the leading fuel savings platform saving North American drivers the most money on gas.

 

The national average is projected to stand at $3.68 on Thanksgiving Day – nearly 30¢ higher than last year, and over 20¢ higher than the previous record of $3.44 set in 2012. But that won’t slow many down, with 20% more Americans planning to hit the road this year.

 

2022 has been a challenging year for drivers, breaking several records thanks to less global refining capacity and sanctions brought on by Russia’s war on Ukraine.The number of Americans traveling over the weekend this year is up from 32% last year to 38%, a nearly 20% rise, with 62% of Americans not planning on road tripping forThanksgiving. Twenty-one percent say they are choosing not to drive due to high fuel prices.

 

“It has been a dizzying year at the pump, with motorists likely feeling nauseous not from the eggnog, but from the roller coaster ride at the pump with record gasoline prices earlier this year, which have fallen significantly since mid-summer,”said Patrick De Haan, head of petroleum analysis at GasBuddy. “Americans, however, are proving that while we’ll openly complain about high gas prices, most of us aren’t deterred from taking to the highways to observe Thanksgiving with those that matter most to us, especially as precautions from the pandemic have eased.”

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