Average National Gasoline Prices Cheaper Ahead of Thanksgiving Holiday
This Thanksgiving’s national gas price average is shaping up to be the lowest since 2015 at $2.10.
This Thanksgiving’s national gas price average is shaping up to be the lowest since 2015 at $2.10.
Despite the weekly increase, gas prices remain cheap both compared to last month and last year.
The national gas price average pushed a penny cheaper on the week to $2.11 following an increase in gasoline stocks and a dip in demand.
The largest fleet operating expense is fuel, which traditionally represents approximately 60% of all operating costs. However, the decreased miles driven by fleets during the pandemic was the No. 1 factor contributing to keeping fuel costs flat in 2020.
National average gas prices declined to $2.12 as crude oil prices have continued to decrease amid mounting concerns about the increase in global coronavirus cases and the reinstatement of lockdown policies in some countries.
Analysis of Texas and California transportation subsidy programs reveals an electric-only focus fails.
The rebound in automotive sales of 31% in the third-quarter of 2020 is led by growth in pickup trucks and SUVs, categories with the most advanced, fuel-efficient diesel options, notes the Diesel Technology Forum.
National average gas prices dropped to $2.16 as decreases in U.S. gasoline demand, supply and imports pushed the national and 44 state gas price averages cheaper on the week.
Fuel price trends were unhindered by Hurricane Delta, which made landfall in southwestern Louisiana as a category 2 hurricane.
That average is the same as a week ago, four cents cheaper than the start of this past September and nearly 50 cents cheaper than last year.
Today’s national gas price average is $2.18, which is the same price as last week, five cents less than a month ago, but 47 cents cheaper than a year ago.
The infusion of $350 million will accelerate development of fully electric options and a move into Classes 7 and 8.
The national average for gas prices dropped to $2.18, which 48 cents cheaper than mid-September last year, and is being driven by low oil prices.
On the week, all states saw gas prices decrease or stabilize at the pump. States with the largest declines are paying a nickel to a dime less, but the majority of state averages pushed cheaper by a few pennies since last Monday.
The national average for gas prices dropped 2 cents this week, with a majority of state averages seeing minor drops and a few states in the Midwest witnessing price drops ranging from a nickel to a dime.
WEX Inc. moved its headquarters to the waterfront of Portland, Maine, in March, as the company entered a growth phase that has included three acquisitions this year.
View more photos
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
