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Gas Price Report: Week of November 19, 2018

The country sees the largest single-week drop in gas price this year just in time for Thanksgiving travel.

The national gas price average continues to fall. The national gas price average fell seven cents from last week, marking the largest one-week decline in price this year. The drop brings the average cost to $2.62, which brings the year-over-year differential in gas prices to just seven cents. That difference is the lowest yearly change seen since July 2017.

The decline comes at just the right time as millions of travelers head off for Thanksgiving celebrations. “The nearly 49 million Americans hitting the road for Thanksgiving will find pump prices similar to last year,” said Jeanette Casselano, AAA spokesperson. “When it comes time to fill-up during the trip, motorists should keep in mind that gas stations along highly traveled routes may find prices more expensive than in-town. Before setting out for the long Thanksgiving weekend, AAA recommends motorists download the free AAA Mobile app to find the lowest gas prices in their area.”

National average: $2.62

Local state averages: 

CT: $2.88        MA: $2.75       NH: $2.65       NJ: $2.64         NY: $2.86       RI: $2.72

 

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Historical context

This week in history: Nov. 19, 1969

Apollo 12’s Charles Conrad and Alan Bean become the third and fourth humans to walk on the Moon. Back on Earth, drivers were enjoying gas prices of $0.35/gallon.

National gas price average in 1969: $0.35

Cost to fill a tank (1969/2018)

Mercedes-Benz AMG GClass SUV

$8.89/$66.55

Kia Forte Accord

$4.90/$36.68

Hyundai Ioniq Hybrid

$4.17/$31.18

Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.

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