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Falling Gas Prices Make For Happier Thanksgiving Holiday

Joe Raedle/Getty Images

“Over the hills and through the woods to Grandmother’s house we go.” You know that song – it’s synonymous for this time of year. Of course, I never had to go through woods to get to Grandma’s house growing up. However, thousands of Americans will take to the highways and byways this Thanksgiving holiday. But good news! Gas prices are on the decline.

The national average price for a gallon of regular gasoline was $3.20 on Monday, about 21 cents less per gallon than a year ago, according to AAA.  However a new analysis by INRIX, a traffic-congestion tracking firm in Kirkland, Wash. says on the Wednesday before Thanksgiving, the usual day that people begin their travel, prices will be up about 3 percent higher than a year ago. But still gas prices are to remain low enough for lots of traveling this Thanksgiving.

Tom Kloza, chief oil analyst at says, “I think you are going to see the cheapest Thanksgiving-week prices since 2010.”

With cheaper fuel prices expect more airline travel as well. According to the airline industry the number of people flying Nov. 22 through Dec. 3 is expected to increase by 1.5 percent over last year, to 25 million passengers.

And just in case you didn’t know, this year, because of an extremely rare calendar phenomenon, Thanksgiving falls during Hanukkah, the eight-day Jewish Festival of Lights – an occurrence that last happened in 1888 and isn’t projected to happen again for 79,043 years. That’s pretty amazing in itself!

Check this video out.

[USA Today]

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