OH gas prices plunge, could fall more

It’s happened again. Gas has fallen below $2 at a few gas stations in the Milwaukee area, according to GasBuddy, with the lowest recorded price sitting at $1.97. Most drivers will pay the lowest prices over the Thanksgiving holiday since 2008.

Laskoski adds if you are traveling long distances be mindful of the difference in state gasoline taxes.

AAA Travel forecasts 46.9 million Americans will journey 50 miles or more from home during the Thanksgiving holiday, a 0.6 percent increase over the 46.6 million people who traveled a year ago and the most since 2007. About 90 percent of those traveling will be driving. AAA estimates that consumers will save almost $265 million on gasoline every day compared to a year ago.

If roads and airports seemed crowded last Thanksgiving, its time to pack a little more patience as hundreds of thousands more travelers head out for turkey and stuffing this year.

Chattanooga shows an average of $1.97, Knoxville $1.99, Memphis $2.02 and Nashville $2.05.

Kloza expects most stations in the US will be below $2 by the weekend, and that the national average will break the $2 mark by Christmas or early January. “These pump prices are helping to boost disposable income, which helps people feel more confident about traveling”. “With the holidays around the corner, individuals may use that money to travel to see family, buy gifts or they may use it to pad their savings accounts”.

The price was $1.93 on October 17, meaning the rate fell 10 cents over the last four weeks.

Additionally, with the AAA Mobile app, travelers can also find more than 58,000 AAA Approved and Diamond Rated hotels and restaurants via TripTik Travel Planner.

AAA’s projections are based on economic forecasting and research by IHS Global Insight.

That Thanksgiving travel trend is good in the eyes of AAA’s top executive.