People hitting the highway for Thanksgiving ought to see some reduction on the pump in comparison with final yr, as native gasoline costs proceed to fall forward of the vacation.
The common gasoline worth in Massachusetts on Monday was down 4 cents from final week ($3.46), averaging $3.42 per gallon, based on AAA Northeast. Meanwhile, the nationwide gasoline worth common has had its longest weekly streak of declines in over a yr.
Monday’s common worth within the Bay State was 20 cents decrease than a month in the past ($3.62), and 39 cents decrease than final Nov. 20 forward of Thanksgiving ($3.81).
Massachusetts’ common gasoline worth is 12 cents larger than the nationwide common ($3.30). Gas in New England stays dearer partly due to ongoing upkeep at key oil refineries that service the area, AAA Northeast stated.
“Drivers this Thanksgiving can expect cheaper gas compared to last year, but pump prices in New England are still above the national average for now,” stated AAA Northeast Senior Spokesperson Mark Schieldrop.
“The gap between the regional and national averages could narrow when production returns to normal levels after the holiday,” he added.
AAA initiatives that greater than 55 million vacationers will journey 50 miles or extra from house over the Thanksgiving vacation. The predicted journey quantity this yr can be a 2.3% bounce over final yr, and can be the third-highest Thanksgiving journey since AAA started monitoring in 2000. The prime two years had been 2005 and 2019.
More than 49 million Americans are anticipated to drive to their locations, a 1.7% improve over final yr.
The nation’s common worth of gasoline has dropped for the ninth consecutive week, based on GasBuddy information compiled from greater than 12 million particular person worth studies overlaying over 150,000 gasoline stations throughout the nation.
The nationwide common is down 26 cents from a month in the past, and 37 cents per gallon decrease than a yr in the past. The nationwide common worth of diesel has fallen 7 cents within the final week and stands at $4.28 per gallon — $1.02 decrease than one yr in the past.
“As millions of Americans gear up to hit the road for Thanksgiving, the national average is seeing its longest streak of declines in over a year, reaching a ninth straight week as gas prices fall to their lowest since January,” stated Patrick De Haan, head of petroleum evaluation at GasBuddy.
“GasBuddy now counts over 65,000 stations with a price of $2.99 per gallon or lower, while 11 states are seeing average prices below $3,” he added. “In addition, we could see five more states join the sub-$3 club by Thanksgiving. The fall in gas prices, largely seasonal due to weakening gasoline demand, could extend for another week or two, leading to potentially the lowest gas prices since 2021 by Christmas.”
The states with the bottom common costs proper now are: Mississippi ($2.75), Texas ($2.77), and Oklahoma ($2.79). And the states with the very best common costs are: California ($4.93), Hawaii ($4.67), and Washington ($4.37).