Gas price coming down to $2
“The family budget’s in much better shape the overall economy, unemployment is down, consumer confidence is up and so it’s a situation that frankly has been improving ever since we got into the recession in 2008”, Right said.
“This Thanksgiving, more Americans will carve out time to visit friends and family since 2007”, said Marshall Doney, president and CEO of AAA, in the release.
Sheriff Jones said they’ll be increasing patrols on the roadways during the holiday travel period, as will the Alabama Law Enforcement Agency.
Nearly 47 million Americans will travel at least 50 miles from home for the holiday from next Wednesday through Sunday.
Air travel is expected to increase by 0.1 percent, with 3.6 million Americans flying to their holiday destinations.
And, despite the demand for gas that’s sure to be added over the next week, Shupe said the declining trend in price could very well continue.
According to the report, the Tennessee portion of the Tri-Cities has a weekly average of $2.01 for a gallon of regular gas, compared to $2.66 one year ago. Other modes of transportation, including cruises, trains and buses, will decrease by 1.4 percent this Thanksgiving to 1.4 million travelers.
According to AAA Wisconsin, almost one million people will be on the roads, up nearly 2% from a year ago.
Gasoline prices are at their lowest level in years, crossing the $2 per gallon barrier across Ohio.
19 November 2015, 10:17Seventh consecutive year of growth to result in the most Thanksgiving travelers since 2007.
Kloza expects most stations in the USA will be below $2 by the weekend, and that the national average will break the $2 mark by Christmas or early January. That concern is likely to translate into longer lines on on Thanksgiving, the top USA holiday for travel, analysts say.
That bodes well for motorists’ wallets heading into the week of Thanksgiving, which is consistently America’s biggest travel holiday.