Residents who travel over Thanksgiving weekend will feel more pain in President Joe Biden’s (D), America.
GasBuddy reported Tuesday that the “Projected Thanksgiving Day average price of $3.68 will surpass the record set 10 year ago.”
According to fuel savings platform, gasoline prices will be at their highest seasonal level for the weekend for citizens who are planning to travel.
“The national average will be $3.68 by Thanksgiving Day, nearly 30C/ more than last year and 20C/ more than the 2012 record of $3.44. However, that won’t stop many from traveling, as 20% more Americans plan to travel this Thanksgiving Day, compared to last year and over 20C/ higher than the previous record of $3.44 set in 2012.
During a speech on economics in New York, President Obama claimed that the current average price for gas in America is now $3.39, down from $5 when he took office.
Biden’s first term saw gas prices hovering around $5 per gallon in the United States. According to the American Automobile Association, gas prices averaged 2.38 per gallon in January 2021 when Biden was inaugurated. Breitbart News reported.
Gas prices are correct to have fallen after they reached a record high of $5 per gallon in June. This was according to AAA.
A FinanceBuzz survey found that Thanksgiving will be affected by the increasing cost of goods.
Eighty-six per cent of Americans believe that rising food prices will have an impact on their Thanksgiving dinner.
Breitbart News reported Tuesday that this coincides with the fact that turkey, a staple of Thanksgiving dinner, is on the rise in price just in time for the holiday.
According to a Personal Capital survey, 1 in 5 Americans weren’t sure if they could afford Thanksgiving, and 1 in 4 planned to skip it entirely to save money.
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