Gas prices drop as motorists gear up for Thanksgiving travel
Thanksgiving marks the start of the holiday travel season, and attached is a GasBuddy news release outlining what motorists can expect at the gas pump as they hit the road for Thanksgiving and also insight into motorists behaviors while driving to their destinations.
You’ll also find a graphic attached showing the historical national average gasoline price going back ten years (ThanksHist.jpg). While you may use the data to create your own graphic, we kindly ask credit be given to "FuelInsights.GasBuddy.com".
For interviews about the (attached) Thanksgiving Travel news release and survey, please contact:
Patrick DeHaan, senior petroleum analyst | firstname.lastname@example.org | 773-644-1427
Vera Gibbons, senior consumer analyst | email@example.com | 212-600-0035
If you’re looking for data GasBuddy provides on a weekly basis ("Weekly Fuel Update and Outlook") that data is included immediately below.
Alabama, AL, November 21- Average retail gasoline prices in Alabama have fallen 5.1 cents per gallon in the past week, averaging $1.94/g yesterday, according to GasBuddy’s daily survey of 3,348 gas outlets in Alabama. This compares with the national average that has fallen 1.7 cents per gallon in the last week to $2.13/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Alabama during the past week, prices yesterday were 7.9 cents per gallon higher than the same day one year ago and are 15.0 cents per gallon lower than a month ago. The national average has decreased 8.6 cents per gallon during the last month and stands 5.4 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on November 21 in Alabama have ranged widely over the last five years:
$1.86/g in 2015, $2.66/g in 2014, $3.10/g in 2013, $3.21/g in 2012 and $3.18/g in 2011.
Areas nearby Alabama and their current gas price climate:
Birmingham- $1.93/g, down 4.2 cents per gallon from last week’s $1.97/g.
Montgomery- $1.90/g, down 4.2 cents per gallon from last week’s $1.95/g.
Huntsville- $1.98/g, down 3.9 cents per gallon from last week’s $2.02/g.
"As motorists pack their bags and prepare to head out for Thanksgiving, gas prices are falling across much of the country," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "With a record amount of travelers, motorists will be facing congestion not only on highways but gas stations. But at least low gas prices have lingered for much of this year. Keep an eye on word from OPEC over the holiday weekend- there could be some surprises at a major meeting to decide the fate of an oil production cut."
"But no matter what eventually takes place with the OPEC meeting, motorists are virtually guaranteed another year of gas prices that will remain well under all-time record highs as oil prices will likely remain confined between $40 and $60 for much of the next year," he added.