US fuel and food prices drop, easing Thanksgiving travel and meal costs

This Thanksgiving, Americans are expected to travel in record numbers, with nearly 80 million traveling at least 50 miles. Cheaper fuel prices, averaging just over $3 per gallon, are providing relief to consumers amid ongoing inflation concerns. The cost of Thanksgiving dinner has also decreased for the second consecutive year, now averaging $58.08 for a meal for ten. This marks a 5% drop from last year, although prices remain nearly 20% higher than pre-pandemic levels. Retailers are responding to budget-conscious shoppers, with Walmart and Target offering discounted meal options. Despite the price relief, many consumers are still adjusting their holiday plans to save money.