04:00 AM

AAA: Thanksgiving Holiday Week Gas Prices Poised to be Similar or Cheaper than Last Year

NASHVILLE, Tenn., (Nov 25, 2019)Tennessee's state average of $2.30 is one cent less than both last week and last month and four cents lower than a year ago.

Today's national average is $2.59, which is flat on the week, two cent less than a month ago and three cents more than this time last year. Across the country today, 61% of all gas stations are selling regular unleaded for $2.50 or less.

"During Thanksgiving week last year we saw the national gas price average ($2.57) decrease a nickel between Monday and Thursday, that could be the case again this year," said Stephanie Milani, Tennessee Public Affairs Director, AAA -- The Auto Club Group. "AAA expects 49.3 million Americans to drive to their holiday destination increasing traffic on the roads this week, which will spike on Wednesday as travelers and commuters mix."

Crude oil

At the close of Friday's formal trading session on the NYMEX, WTI decreased by 81 cents to settle at $57.77. However, crude prices increased slightly in recent reports (about a nickel) due to reports that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are likely to extend their current production reduction agreement through the middle of 2020 at OPEC's meeting in Vienna on December 5 - 6.


Regular Unleaded Gasoline

Monday Sunday Week Ago Month Ago One Year Ago 2018 High Record High
National $2.590 $2.591 $2.597 $2.616 $2.561 $2.97 (5/26/2018) $4.11 (7/17/2008)
Tennessee $2.306 $2.306 $2.317 $2.317 $2.342 $2.73 (5/27/2018) $4.12 (9/15/2008)
Click here to view current gasoline price averages

Gas Price Survey Methodology

AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.

About The Auto Club Group

The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.