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Gasoline prices to take a bite out of Thanksgiving travelers

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(Tulsa World) — Travelers hitting the road for the Thanksgiving holiday will encounter pump prices that are sharply higher than in 2008.

The national average for a gallon of regular unleaded gasoline was $2.64 Tuesday, versus $1.91 at the same time last year.
In Tulsa, a common price for gasoline was $2.36, down a few pennies from Monday, but still 72 cents higher than 12 months ago, according to data from travel club AAA-Oklahoma.

Despite higher fuel prices, AAA expects Thanksgiving driving to be up 1.4 percent nationally from 2008.   In Oklahoma, holiday travel is expected to be even stronger — up 7.5 percent.

Travelers who stay within the state or don’t roam too far will find some of the best fuel prices.   Oklahoma’s statewide average of $2.498 is the fifth-lowest in the country.   Missouri, meanwhile, is the cheapest at $2.471 and Texas is fourth-lowest at $2.495, according to AAA.

In comparison, California’s average is $2.932 and Alaska’s is $3.396.   Mai said that the higher expected road traffic this year could be a reflection of renewed confidence in the economy.

“Perhaps the rebound has begun,” the spokesman said.

“Accommodation costs at AAA two- and three-star-rated hotels are down 11 percent to 13 percent.   That’s significant,” Mai noted.   “And, car-rental fees are down 2 percent.”

In 2008, oil prices dipped below $50 in December and gasoline prices that month fell below $1.40 — the lowest cost for fuel in the area since January 2004.   The year-end prices were in stark contrast to the previous summer when oil soared above $140 a barrel and gasoline hit $4 a gallon.
 



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