Drivers find relief at the gas pump for their Thanksgiving traveling
INDIANAPOLIS, Ind. (November 24, 2015) — Some of the busiest travel days are set to begin this holiday week according to the American Automobile Association or AAA.
Based on their research, nearly 42 million people are expected to make the trip to Grandma’s house, as well as other places, thanks in part to lower gas prices throughout the nation.
According to their FuelGaugeReport, drivers will find prices at the pump at their lowest since 2008, which translates to a price of about $2 a gallon.
The list of states with retail averages below $2 per gallon is now at 18 states. Prices are markedly lower in the Midwest from week-to-week with Indiana at ($1.82), Ohio ($1.83) and Oklahoma ($1.85) edged out Alabama ($1.85) and South Carolina ($1.85) as the nation’s least expensive markets for gasoline. Hawaii ($2.83) still is the market leader, where drivers are paying more than $1 per gallon more than the nation’s least expensive market Indiana. Regional neighbors California ($2.73), Nevada ($2.59), Washington ($2.48) and Alaska ($2.40) join Hawaii in the rankings as the top five most expensive markets.
Locally gas prices in the metro area are averaging about $1.75 a gallon compared to $2.70 a year ago.
The latest data from the U.S. Energy Information Administration points to crude oil inventories being up more than 100 million barrels from this time last year with domestic inventories nearing all-time record levels, which helped contribute prices to fall below $40 per barrel last week.