By Ken Robinson, Director of Product Marketing, Motus
Holiday Slowdown: November fuel prices remained stable, only two cents lower than September’s average. As usual, the Thanksgiving holiday and extended time off slowed business travel in all regions, where mileage on the Motus platform decreased by an average of 21%.
Data from Motus shows that national fuel prices continued to remain consistent at $3.36 in November, compared to $3.37 in October, but prices are higher than November 2023 when the pricing was at $3.18.
Key data points:
Fuel trends
- November 2024 national fuel price: $3.36
- October 2024 national fuel price: $3.37
- September 2024 national fuel price: $3.38
- November 2023 price: $3.18
- 2023 average fuel price: $3.55
Looking regionally, fuel prices in November remain highest in the Western US at $3.76 and lowest in the Southern US at $2.79.
Looking at November business mileage trends by region in the US, business mileage was lower across the country with the West 21.64% lower than October, the South 18.74% lower, Northeast 21.64% lower, and the Midwest 20.98% lower.
November Business Mileage trends
- South -18.74%
- Midwest -20.98%
- West -21.64%
- Northeast -21.64%
