Thanksgiving travel 2024: What to know about gas prices before the holiday

Good news for people hitting the road for the upcoming Thanksgiving holiday– gas prices are at their lowest level since 2021.

The average price of gasoline in the country has declined for the sixth week in a row, according to data compiled by consumer fuel savings platform Gas Buddy. As of Monday, the average price of gasoline is $3.01 per gallon, the lowest level since May 2021.

Thirty-one states now have average gas prices below $3 per gallon.

Patrick De Haan, the Head of Petroleum Analysis at GasBuddy, attributes the price decline to “continued corrections in the US economy,” reports Yahoo Finance.

The decline comes as 72% of Americans say they plan to drive to their destination during Thanksgiving week, up from 41% in 2023, according to numbers from Gas Buddy’s 2024 annual Thanksgiving Travel Survey. After several years of travel impacted by the COVID-19 pandemic, that number is closer to pre-pandemic levels when 65% of people drove for Thanksgiving in 2019.

According to AAA, the average price of a gallon of gas in Alabama is $2.76, down from $2.81 a month ago and $2.85 a year ago. The highest recorded average price in Alabama was $4.63 reported on June 14, 2022.