wkbw_49278_Super7_658x90.png

Actions

Thanksgiving travel: What to expect at the gas pump

default.png
Posted at 3:08 PM, Nov 21, 2016
and last updated 2016-11-21 15:08:49-05

If you take a road trip to Grandma's for Thanksgiving every year, you may notice that it costs a little bit extra to fill up your tank this year.

According to GasBuddy, gas prices yesterday were 3.0 cents higher per gallon than the same day one year ago.

GasBuddy's data of gas prices on November 21 in Buffalo over the last five years show a bit of a range: $2.30/g in 2015, $3.30/g in 2014, $3.55/g in 2013, $3.88/g in 2012 and $3.65/g in 2011.

Nationally, the average price decreased 8.6 cents per gallon during the last month and stand 5.4 cents per gallon higher than this day last year.

Most recently, gas prices in Buffalo have dropped 1 cent per gallon in the last week, averaging $2.33/g yesterday, according to GasBuddy's daily survey. This is below the national average which fell 1.7 cents per gallon in the last week to $2.13/g.

According to the senior petroleum analyst at GasBuddy, Patrick DeHaan, OPEC is expected to make a decision on the fate of an oil production cut over the holiday weekend.

"But no matter what eventually takes place with the OPEC meeting, motorists are virtually guaranteed another year of gas prices that will remain well under all-time record highs as oil prices will likely remain confined between $40 and $60 for much of the next year," said DeHaan.