Gas prices fall ahead of Thanksgiving

Local News

FILE – In this March 31, 2020 file photo, prices are seen on a gas pump in Brandon, Miss. U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday, Aug. 12, that the increase in its consumer price index matched a 0.6% rise in June. (AP Photo/Julio Cortez, File)

(Big 2/Fox 24) – The statewide average price for a gallon of gas is down again ahead of the Thanksgiving holiday.

According to AAA Texas, the statewide average price for a gallon of gas currently sits at $1.79, down one cent from last week and 47 cents from the same time period last year.

AAA Texas attributes the drop to decreasing demand and a growing supply, even as Thanksgiving approaches. Although it is historically one of the busiest holidays for travel, increasing Coronavirus cases are preventing many from hitting the road.

“Even with Texans filling up with the cheapest gas for Thanksgiving in 12 years, AAA anticipates the largest year-to-year decline in travel volume since the Great Recession,” AAA Spokesman Daniel Armbruster said in a statement. “Typically falling gas prices would motivate more people to travel, but given the rising number of COVID-19 cases across Texas and the U.S., that will not be the reality this year.”

Drivers in El Paso are paying the most on average at $2.06, but Odessa is not far behind at $2.

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