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Boston,
MA – November 2021 / Newsmaker Alert /
While
the economy may be bouncing back, Thanksgiving travel is not. GasBuddy,
the leading fuel savings platform providing North American drivers with
the most ways to save money on gas, revealed in its 2021 Annual Thanksgiving
Travel Survey that 32% of Americans plan to travel for Thanksgiving this
year, a decline from 35% last year that compares to some 65% that planned
to hit the road for Thanksgiving 2019.
The
national average price of gasoline is projected to decline to $3.35 per
gallon on Thanksgiving Day, still amongst the highest we’ve seen in over
seven years. But there remains a remote chance that should oil suddenly
surge, gas prices could quickly follow and potentially beat 2012’s record
for most expensive national average ever for the date: $3.44 per gallon.
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“Similarly
to last year, motorists are contending with a rise in COVID cases ahead
of the Thanksgiving holiday when many drive to celebrate with friends and
family. Only this year, we’re also just cents away from the highest Thanksgiving
gas prices ever recorded,” said Patrick De Haan, head of petroleum analysis
at GasBuddy. “With global oil demand surging this year as the pandemic
has eased, we find ourselves in unfamiliar territory - some of the highest
Thanksgiving gas prices on record. Americans are responding to the prices
by slamming the car door shut and staying off the road.”
Seventy-five
percent of Americans also say that COVID-19 has had no impact on their
holiday plans this year, up substantially from last year’s 46%. Yet, even
less are traveling this year than in 2020. Fifty percent of Americans say
they are driving less overall this year, and when asked what it would take
for them to drive more, an overwhelming 78% said lower gas prices.
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Those
who are traveling are opting for shorter trips, with most (13%) expecting
to spend 1-3 hours in the car. When it comes to making a rest stop, decent
gas prices remained of most importance to those selecting, though location
and convenience rose above the rest stop’s cleanliness in 2021’s results.
GasBuddy
offers these travel tips for those who are traveling for Thanksgiving:
-
Use the
GasBuddy app to watch for price differences between state lines: Gas prices
can vary as much as $20 per tank in some areas of the country between state
lines.
-
Use a
gas discount card like Pay with
GasBuddy® to lower your gas bill by as much as 25 cents per gallon.
According to this year’s survey, 67% of Americans will be using a gas card
or gas loyalty program when they fill up.
Methodology:
GasBuddy analyzed 1474 responses to its 2021 Thanksgiving Travel Survey
from October 28- Nov 1, 2021.
About
GasBuddy
GasBuddy
is the leading fuel savings platform providing North American drivers with
the most ways to save money on gas. GasBuddy has delivered more than $3
billion in cumulative savings to its users through providing real-time
gas price information at 150,000+ stations, offering cash back rewards
on purchases with brand partners, and through the Pay
with GasBuddy™ payments card that offers cents-off per gallon at virtually
all gas stations across the US. As one of the most highly-rated apps in
the history of the App Store, GasBuddy has been downloaded nearly 100 million
times. Acquired by PDI Software
in 2021, GasBuddy’s publishing and software businesses enable the world’s
leading fuel, convenience, QSR and CPG companies to shorten the distance
between the fueling public and their brands. For more information, visit
www.GasBuddy.com.
GasBuddy
Media Contact:
Nicole
Petersen
GasBuddy
617-396-7217 |