If you’re going to be traveling this Thanksgiving Day, you expect gasoline prices to be much higher than last year with little hope of relief into the rest of the holiday season. According to AAA, the national average for a gallon of regular gas was $2.64 on Monday – that’s slightly less than a month ago but up 72 center from the same period a year ago.
Oil prices closed the day Monday up 9 cents, ending at $77.56 a barrel. Thanksgiving travel is going to be looked at as an opportunity to gauge the mood of the U.S. consumers, says AAA. The auto club expects a 2 percent increase in travelers on the roadways this year than the last, for a total of 33.2 million people.
AAA says that the increase shows improved consumer confidence, a rising stock market and a grown sense that the global economic crisis is a thing of the past.
– By: Omar Rana