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Thanksgiving gas prices are the highest since 2012

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.

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Marcos Icahuate

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Adonis Albright

Adonis Albright first found his passion in local news as a production assistant in San Diego after getting his Bachelor’s degree at San Diego State University.

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

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