Americans’ Gas Use Over Thanksgiving Fell to 23-Year Low
December 8, 2020
Amid surging coronavirus cases and warnings from health officials, many Americans stayed home for Thanksgiving. This caution sent holiday week gasoline sales to the lowest level since 1997.
Gasoline sales during the week of Thanksgiving were down 19.3% from the year before, according to IHS Markit Oil Price Information Service data. This amounts to 185 million fewer gallons being sold. The data is based on figures from almost 25,000 gas stations across the country.
IHS Markit’s executive director told CNN that demand over the next 90 days may fall to historic lows as coronavirus caution, winter weather, and “post-holiday cocooning” keep Americans at home and off the road.