Gas prices drop entering Thanksgiving week
(November 25, 2024) As we enter Thanksgiving week the national average for a gallon of gas has dropped two cents from a week earlier to $3.06 on a national average — matching the January low. There are now 28 states with averages below $3, according to statistics from AAA.
“One difference drivers may notice is that while gas prices bob and weave daily and require a chart to track, electric charging rates barely budge. Over the past six months, AAA has quietly monitored EV charging rates, and they have moved less than a penny,” said Andrew Gross, AAA spokesperson. “And one important thing to remember, folks, whether you use gasoline or electricity, it’s still a car.”
According to new data from the Energy Information Administration (EIA), gasoline demand plunged from 9.38 million barrels a day last week to 8.41. Meanwhile, total domestic gasoline stocks rose slightly from 206.9 million barrels to 208.9, while gasoline production decreased last week, averaging 9.3 million barrels daily.
Today’s national average for a gallon of gas is $3.06, 11 cents less than a month ago and 23 cents less than a year ago.
Quick stats
The nation’s top 10 most expensive gasoline markets are Hawaii ($4.57), California ($4.44), Washington ($3.97), Nevada ($3.71), Oregon ($3.54), Alaska ($3.49), Pennsylvania ($3.24), Washington DC ($3.24), Arizona ($3.22), and Illinois ($3.19).
The nation’s top 10 least expensive gasoline markets are Oklahoma ($2.56), Mississippi ($2.63), Arkansas ($2.66), Texas ($2.67), Missouri ($2.71), Kansas ($2.72), Louisiana ($2.73), Tennessee ($2.74), Iowa ($2.75) and South Carolina ($2.76).