As more than 147,000 Delaware residents hit the roads this week for the Thanksgiving holiday, many drivers filled up their tanks paying prices lower than last year’s holiday.
With most travelers returning home over the weekend, the good news is that all Delaware drivers will find lower prices at the pump compared to when they filled up their vehicles before their holiday trip.
Delaware’s average price is 33 cents less than the national average at $2.25 per gallon. The state average is five cents lower than last week, 60 cents less than last month, and 19 cents per gallon less than last year on this date. Last year on Thanksgiving, Delaware’s average was $2.44 per gallon, while the average price for this year’s holiday was $2.25.
Friday’s national gas price average is $2.58 per gallon, which is down six cents in the last week, down 26 cents in the last month, but six cents higher than this time last year.
For the eighth consecutive trading day, crude oil prices continue to trade below $60 per barrel, with the commodity dropping on Tuesday to $53.43 per barrel, the lowest settlement for the year. At the close of NYMEX trading on Wednesday, West Texas Intermediate (WTI) crude oil settled higher to $54.63 per barrel. The market was closed Thursday due to the Thanksgiving holiday. Crude oil inventories continue to increase for the ninth consecutive week, according to the Energy Information Administration’s (EIA) latest report.
Source: AAA Mid-Atlantic