WASHINGTON, D.C. (November 30, 2020) – Following the Thanksgiving holiday, the national gas price average is more expensive. At $2.12, it is two cents more than a week ago, but remains cheaper compared to last month (-2 cents) and last year (-46 cents). Across the country, motorists in nearly 30 states are paying more at the pump on the week with states along the I-95 corridor seeing the largest jump: Delaware (+15 cents), Maryland (+8 cents), Pennsylvania (+7 cents), New Jersey (+6 cents) and North Carolina (+6 cents).
Despite the small increase at the pump, U. S. gasoline stocks increased and demand decreased, according to the Energy Information Administration’s reports for the week ending November 20. Demand dropped to 8.1 million b/d, a five month low, and stocks built by 2.2 million bbl to total 230.1 million bbl.
“As COVID-19 cases increased, the national gas price average saw it’s cheapest November in 12 years,” said Jeanette Casselano McGee, AAA spokesperson. “Motorists can expect gas prices to mostly decrease in the days ahead, especially with demand showing the lowest reading since June.”
Quick Stats
The nation’s top 10 largest weekly increases: Delaware (+15 cents), Maryland (+8 cents), Pennsylvania (+7 cents), New Jersey (+6 cents), North Carolina (+6 cents), Indiana (+6 cents), Washington, D.C. (+5 cents), Virginia (+4 cents), Tennessee (+4 cents) and Oklahoma (+3 cents).