Cheap gas has travelers going the distance

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Gas prices are down more than 25 percent from a year ago, and travelers will hit the road in bigger numbers this Thanksgiving weekend. Bobbi Rebell reports.

Cheap gas has travelers going the distance

Travelers are going the distance this Thanksgiving. Fueling them: gas prices are falling to levels not seen since March of 2009.

According to GasBuddy.com, prices at the pump now average just $2.05, a drop of 75 cents from a year ago. That adds up to a savings of $1.5 billion over the five days around the holiday that most people will be traveling.

And that has made a big difference in how far travelers are driving, says Gas Buddy’s Patrick DeHaan.

SOUNDBITE: PATRICK DEHAAN, PETROLEUM ANALYST, GASBUDDY.COM (ENGLISH) SAYING:

“Sixty six percent of respondents of a GasBuddy survey said they will be driving 200 miles or more. That is a huge uptick versus what we saw last year, so, it appears that motorists are going to be driving further this Thanksgiving day weekend.”

Thanksgiving is a popular time to travel.

AAA estimates that nearly 42 million Americans plan to take a road trip. That’s up slightly from last year.

AAA’s Robert Sinclair:

SOUNDBITE: ROBERT SINCLAIR, SPOKESPERSON, AAA NEW YORK (ENGLISH) SAYING:

“Gasoline prices it looks like will be continuing to go lower. We anticipate that they will be below $2 a gallon nationwide by the time we get to Christmas. “

Sinclair adds that longer road trips should continue to increase but warns of a downside: more traffic jams.

Tags : Distance, Going, Travelers, Cheap

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