EIA: Real U.S. Gasoline Prices At Thanksgiving Unchanged From 2021

Inflation-adjusted average U.S. gasoline prices ahead of Thanksgiving are up by 7.5% compared to the same time last year, in line with the overall rise in consumer prices, the U.S. Energy Information Administration (EIA) said on Wednesday.   U.S. consumers paid on average $3.65 per gallon at the pump for regular gasoline on November 21, the Monday before Thanksgiving.

This is $0.25/gal higher than last year, but the rise is the same as the overall consumer goods price increase of 7.7%, based on the Consumer Price Index (CPI). After the average…