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Affordable Gas Fuels Surge in Holiday Travel Plans for 2024

GasBuddy’s Head of Petroleum Analysis, Patrick De Haan, is looking at the dip in fuel prices and how driving is becoming an attractive option for holiday travelers. De Haan notes that many Americans are eager to take to the road this Thanksgiving to reconnect with loved ones. He explained that the flexibility and affordability of road trips have made driving the preferred choice for most travelers, despite lingering concerns about fuel costs. The nearly 70-cent drop in gas prices since summer, bringing them to their lowest levels since 2021, has provided significant relief for those planning long drives.

 

The survey also found that most travelers plan to begin their journeys early on Wednesday, November 27. Among respondents, 60% reported that they also drove during last year’s Thanksgiving holiday, citing the convenience of road travel and the proximity of their destinations as key factors. While road trips remain the dominant choice, 10% of Americans plan to fly, and 87% of non-travelers cited reasons such as lack of plans, tight budgets, or remaining concerns over fuel prices.

 

Most drivers expect their trips to last between one and six hours, with two-thirds traveling more than 100 miles and over half crossing state lines. Many are turning to cost-saving strategies, with 68% planning to use loyalty programs or cashback options to further reduce expenses.

 

As the Thanksgiving holiday approaches, GasBuddy predicts continued seasonal affordability in gas prices, easing the burden on millions hitting the road.

 

For additional insights and tips, GasBuddy directs travelers to its blog for further resources.

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