Tens of millions of Americans plan to travel for the Thanksgiving holiday and will be greeted with some of the highest fuel costs in a decade.
New data from travel company AAA estimates 48.3 million Americans will travel by automobile this year, up 8% from last year but down 3% from pre-COVID levels. With the national average for gasoline hovering around $3.40 per gallon, the highest level for any Thanksgiving since 2012, many will be furious as they fill up at the pump.
It’s not just gasoline and diesel inflation that depletes millions of Americans’ wallets as real wage growth turns negative. They will also be met with soaring food inflation that will make Thanksgiving one of the costliest ever.
Continue reading “Will This Be The Most Miserable Thanksgiving Ever?”
