GAITHERSBURG, Md. - For the first time in six years, drivers hitting the road for this Thanksgiving holiday will see the national average of gas prices as low as $1.99/gallon.
GasBuddy.com predicts the low price will save motorists $1.5 billion dollars over the five days that most Americans travel for the holiday.
"With gas prices plunging under $2 just in time for Thanksgiving Day, it's a perfect reminder- some folks automatically expect gas prices to rise in advance of a major travel holiday, that's become a popular misconception and this holiday exemplifies the point. November gas prices have slid significantly lower and holiday travelers will certainly be the beneficiaries," said Patrick DeHaan, a senior petroleum analyst with GasBuddy. "It's a trend we expect will continue through the end of 2015, so if you like the prices you see on Thanksgiving, you'll be delighted when Christmas arrives!"
According to GasBuddy.com, 25% of travelers say their travel will begin on Thanksgiving Day; while nearly 30% say travel begins the Wednesday before Thanksgiving and another 23% say they'll hit the road 2 to 3 days ahead. That's an 11% decrease in the number of people who say they're heading out on Thanksgiving Day.
The consumer website also offered some tips to save even more money during your road trip. Here are some of their suggestions:
* Check the air pressure in your tires and remember the spare tire too.
* Paper not plastic. Save money on gasoline as more stations offer lower prices to cash paying customers. Using cash can lead to savings of 5-15 cents per gallon.
* Delay buying gasoline. The more you wait, the more you save. GasBuddy analysts expect gasoline prices to keep moving downward through Thanksgiving Day weekend, so motorists can save on every gallon waiting for gas stations to drop prices further.
The complete GasBuddy 2015 Thanksgiving Travel Survey can be found by clicking here.