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AAA expects Cheapest Thanksgiving Holiday Gas Prices in Five Years

AAATampa, FL – When 41.3 million Americans load-up the family vehicle for a Thanksgiving road trip, they are likely to find the cheapest gasoline in five years.

The national average price for a gallon of regular unleaded was $2.82 Sunday, 46 cents cheaper than the price on Thanksgiving Day 2013.

“Travelers are thankful to have more money in their pockets due to falling gas prices,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The good news is gas should continue falling through the rest of the year. Cheaper gasoline has helped boost disposable income and consumer spending, which encourages more people to travel.”

Historical Thanksgiving Day Gasoline Prices

The majority (89%) of Americans will drive to their destination this Thanksgiving. Of the 41.3 million road trippers nationwide, 2.1 million will be Floridians, 1.9 million Georgians and 973,710 Tennesseans.

See state-specific Thanksgiving 2014 statistics

“Many people prefer driving, because it offers the best travel option for controlling expenses,” said Jenkins. “People have more flexibility in trip length and the option to make last minute changes.”

The average round trip is forecast to be 549 miles this holiday weekend. Travelers expect to spend an average of $573, 31% of budgets will go toward gasoline expenses. Motorists who visit AAA.com/Gas can use the Fuel Cost Calculator to determine how much money they will spend on fuel during their road trip. Those who download the AAA mobile app can find hotels, restaurants and the cheapest gas prices along their route.

Click here to view current, national and state average gasoline prices.

Current and Past Price Averages

Regular Unleaded Gasoline

Sunday Saturday Week Ago Month Ago Year Ago Thanksgiving Day 2013 Thanksgiving Day 2009
National $2.82 $2.83 $2.89 $3.08 $3.26 $3.28 $2.63
Florida $2.82 $2.82 $2.88 $3.09 $3.39 $3.46 $2.68
Georgia $2.75 $2.75 $2.81 $2.98 $3.25 $3.27 $2.51
Tennessee $2.61 $2.62 $2.67 $2.84 $3.13 $3.17 $2.50

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