Consumer

Thanksgiving gas prices are the highest since 2012

By Marcos Icahuate, Adonis Albright, CNN Newsource

Published November 24, 2021 8:46 AM

Price spikes affecting drivers

U.S. (KYMA, KECY/CNN) - A new government report has shown the price of gasoline staying at an average of $3.40 a gallon on Monday, which is the highest gas prices have been for Thanksgiving week since 2012.

This price point has increased by 62% compared to the same time period in 2020, but it should be noted that fewer people were traveling due to Covid, and now it's expected for more than 48 million to travel for Thanksgiving.

Before the pandemic, gas prices were up by 32% in 2019, and since October of 2021, prices spiked by $1.13.

President Joe Biden recently announced a plan to release 50 million barrels from reserves in order to combat gas price increases.

Article Topic Follows: Consumer

Jump to comments ↓

Marcos Icahuate

Reach out to Marcos with your story ideas at marcos.icahuate@kecytv.com.

Adonis Albright

Adonis Albright anchors the News 11 shows at 5 PM, 6 PM, and 10 PM.

If you have a great story idea, you can reach him at adonis.albright@kecytv.com.

CNN Newsource

BE PART OF THE CONVERSATION

KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.