Las Vegas, Nevada 2021-11-24 09:58:00 –
Drivers following this Thanksgiving path will be greeted with the highest pump prices in almost 10 years.
The average price consumers paid for regular gasoline on Monday was $ 3.40 a gallon. According to the new report From the government. According to the US Energy Information Administration, this is the highest since 2012 on Monday before Thanksgiving.
This year’s pre-Thanksgiving gas prices are 62% above the same points last year, but due to Covid’s concerns, far fewer Americans are traveling. According to the company, more than 48 million people are expected to travel by road for this year’s Thanksgiving, 8% more than a year ago. NS..
Still, gas prices are 32% higher than at the same time in 2019, before the pandemic.
Gas prices soared $ 1.13 a gallon in October. This is the largest year-over-year increase since EIA began collecting these figures in 1990.
All of this is why President Joe Biden Started international intervention To the energy market on Tuesday. Byden has promised to free 50 million barrels from the largest strategic petroleum reserves in US history, as well as other countries, including China, Japan and India.
Rumors of the release of SPR have already helped cool gas prices, which have been flat in the past week or so. However, Analysts are skeptical of intervention Respond to hype by dramatically lowering gas prices. Even Biden admitted that he couldn’t solve the problem of high gas prices overnight.
According to the EIA, West Coast drivers have the highest gasoline prices, averaging about $ 4.19 per gallon. The cheapest retail prices are along the Gulf Coast, with an average of just over $ 3 a gallon.
™ & © 2021 Cable News Network, Inc., Warner Media Company. all rights reserved.