The gas price for this year’s Thanksgiving was, on average, $1.193 higher than when President Joe Biden assumed office on Jan. 20, 2021, indicating an increase of nearly 50 percent over a period of 22 months.
The national regular gasoline price from GasBuddy, as of Nov. 24, was $3.586, compared to $2.393 when Biden was inaugurated as the 46th president of the United States. Since then, gas prices have been on an upward swing, and reached a peak in June 2022, before lowering to the current levels owing to lower demand.
Gas prices have come down from $3.793 a month ago, but still remain considerably elevated. A year ago, it was $3.398, which is lower by over 5.5 percent. This year’s price is the highest Thanksgiving national average since AAA started keeping records in 2000….