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Gas prices are forecast to hit record highs this Thanksgiving

CLARKSBURG, West Virginia (WBOY) — Many Americans will soon be hitting the road to visit family and friends for Thanksgiving, and according to GasBuddythey will face the highest gas prices on “Turkey Day.”

GasBuddy predicts the national average gasoline price for Thanksgiving will be $3.68 a gallon, up nearly 30 cents from 2021 and more than 20 cents higher than the previous record of $3.44 in 2012 on Thanksgiving Day.

The high price tag doesn’t seem to be deterring too many travelers, however, according to GasBuddy, 20% more Americans plan to head to Thanksgiving destinations this year.

The company offered tips on how to save money on gas over the holiday weekend, including shopping around for the best prices, slowing down to reduce gas mileage and paying attention to state lines.

As far as state lines go, gas prices can vary quite a bit depending on proximity to refineries and state gas taxes. AAA data shows that, in general, if your destination is further north, you’ll likely pay more for gas, but if you’re heading south, you’ll likely pay less at your destination.

By the way, there is there is no gas tax on Indian reservation landswhere state laws generally do not apply.

Another way to save is to use a gas station reward programswhich can save drivers a few cents per gallon.

Gas isn’t the only thing Americans will be paying more for this Thanksgiving. Wells Fargo’s “Food for Thought” financial experts released an analysis that shows high grocery store prices due to inflation and supply chain issues could mean a traditional Thanksgiving meal this year in a restaurant can be cheaper than at home.

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Gas prices are forecast to hit record highs this Thanksgiving

CLARKSBURG, West Virginia (WBOY) — Many Americans will soon be hitting the road to visit family and friends for Thanksgiving, and according to GasBuddythey will face the highest gas prices on “Turkey Day.”

GasBuddy predicts the national average gasoline price for Thanksgiving will be $3.68 a gallon, up nearly 30 cents from 2021 and more than 20 cents higher than the previous record of $3.44 in 2012 on Thanksgiving Day.

The high price tag doesn’t seem to be deterring too many travelers, however, according to GasBuddy, 20% more Americans plan to head to Thanksgiving destinations this year.

The company offered tips on how to save money on gas over the holiday weekend, including shopping around for the best prices, slowing down to reduce gas mileage and paying attention to state lines.

As far as state lines go, gas prices can vary quite a bit depending on proximity to refineries and state gas taxes. AAA data shows that, in general, if your destination is further north, you’ll likely pay more for gas, but if you’re heading south, you’ll likely pay less at your destination.

By the way, there is there is no gas tax on Indian reservation landswhere state laws generally do not apply.

Another way to save is to use a gas station reward programswhich can save drivers a few cents per gallon.

Gas isn’t the only thing Americans will be paying more for this Thanksgiving. Wells Fargo’s “Food for Thought” financial experts released an analysis that shows high grocery store prices due to inflation and supply chain issues could mean a traditional Thanksgiving meal this year in a restaurant can be cheaper than at home.

Reported by Source link

RELATED ARTICLES
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Most Popular