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.
The US Misery Index (which tracks the combination of inflation and unemployment rates) is at its highest for Thanksgiving since 2011.
This holiday season’s inflationary environment has resulted in a plunge in the University Of Michigan’s Sentiment survey for consumers, printing at the lowest since 2011.
Buying Attitudes all collapsed in November to record lows as inflation becomes a significant headwind for consumers.
To get ahead of the inflationary environment and comfort consumers, the Federal Reserve and Biden administration has been working overtime. The Fed recently told Americans to eat plants instead of Turkey to save on food costs. Meanwhile, President Biden has made a desperate attempt to arrest soaring fuel prices by announcing a release of the SPR, which has already been an ‘epic fail.’ Goldman’s commodities team mocked Biden’s tiny SPR release and said crude prices are headed higher.
We suspect one conversation people will have at the table on Thursday will not just be about stocks and cryptos and housing but also soaring inflation that has impacted everyone this year. This could be the most miserable Thanksgiving ever.
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Go Brandon! Gas is at 3.65 a gallon here but otherwise, food prices are ok. I paid 15 bucks for a large Ham for Turkey day. We decided Turkey is a bit dry and ham sandwich leftovers and ham and cheese omelets for a few days sounded good. have a good turkey day!
The only way to guarantee a moist turkey every time is to
A) Buy one from a farmer that has been freshly slaughtered
B) Brine the turkey whole for at least 24 hours
C) Break the turkey down to the full double breast / thigh-leg sections and roast separately until tender.
A whole bird over 8 pounds will never cook uniformly if cooked whole, it can’t. The protein/fat mix as well as the frame of the carcass allows for a huge differential in temperatures as it roasts, no matter how good someone is in the kitchen. If presentation isn’t an issue, always break that bird down before you roast it.
We dont soak in brine but baste the turkey with olive oil before seasoning and use an oven bag. An oven bag helps keep the meat moist and also chops an hour off the bake time.
Always use a bag. That’s how the Indians did it.
“Save the neck for me, Clark.”
“Buy one from a farmer that has been freshly slaughtered”
That phrase can be taken more than one way LOL
No this will not be a miserable Thanksgiving. First off Happy Thanksgiving to TBP family. It will be the same as every Thanksgiving of the past. All my kids and their kids will be here. There will be no arguments over the shot because not one of us has received it. There will be no fear-mongering over masks, vaxxes or social distancing bullshit. We will celebrate and give thanks for all the blessings God bestowed upon us this past year. We will remember those we lost,and give thanks for the new arrivals this past year. None of us has bought into this PSYOP,and we only mention in passing our disdain for the asshats in DC. and Albany.
Don’t let the whackos win. Shut ’em out.
What a blessing to hear of a family in harmony. Happy Thanksgiving to you too.
Happy Thanksgiving to all of the fine (and sometimes not so fine) folks here on the Platform that Burns. We will have our usual Thanksgiving day gathering of family, lots of food and fellowship. Last year, the youngest daughter and her family had the WuHuFlu and could not make it, so it was a much smaller group, but we all still had a good time.
Don’t let the government prevent you from enjoying each others company and always remember to thank the good Lord for his mercy and grace.
This will be a glorious day here in the woods of BFE. Told everyone , you’re welcome to come but we have Covid. hehe
Thanksgiving without the BS, who said holidays aren’t nice without hassling with relatives?
Be creative.
Sadly, while it will be the worst by many standards, there will likely be even worse ones on the horizon by many other standards.
Hmmmmmmm,worst thanksgiving ever?
Hah,drink/drink and be merry!
Happy Bird Day to all here!
For most conservatives, who pay attention to what is going on, and stock up early, Thanksgiving will be a little more expensive, but still fairly normal.. For the liberal normies, they will show up to the grocery store at the last minute to find much of what they are looking for already gone. They will then rationalize that Thanksgiving is just a racist holiday anyway, and should not even be celebrated.
What will be truly interesting is what happens later in the year as the world wide food shortage hits. The current fertilizer shortage will mean much lower crop yields, and that will effect everything from fresh produce, to meat, and even bread supplies and prices. If panic buying sets in, expect to see lots of empty shelves and limits on what is available.
Many countries are already limiting, or even ceasing food exports and trying to increase their domestic stockpiles.
Natural gas shortages and high prices in Scandinavia have made heating greenhouses where most of northern Europe’s crops are grown too expensive and hundreds have shut down. If you are not aware of what is going on you may want to do some research and act accordingly. As we all have learned in the past couple of years, this is not a good time to give into normalcy bias.
Jdog (and anyone else interested)
Here is a subscription of tuna I have been getting for two months…it is delicious, dependable, and a way to weekly build up your food independence…and maybe survival one day…sooner rather than later….with a unique product.
To me it is a no brainer addition to my food prep…as there is no doubt that food shortages never seen (or dreamed of in nightmares) in modern times are coming at U.S.
Maybe even at ‘Warp Speed’ too???
https://naturalcatchtuna.com/
I have said for many years that in the end they would pursue inflation as a means to keep the runaway fed debt in check. If they can keep inflation at 10%, it reduces the value of the fed debt by over $2 trillion a year. They would find that easier to do than just spending within their means.
The issue is that keeping inflation at 10% or 12% is very, very hard to do. It can easily explode to much, much higher percentages, especially when inflation is combined with ongoing ever increasing debt (ie they print even more money – Weimar Germany shows how that happens).
This was going to happen as surely as night follows day.
My grand dog could have predicted this inflation Llpoh. Every fiat currency in history has crashed into the mountain, it’s joo money magick 101 to know how it works EVERY. DAMN. TIME. Print and print and print worthless currency and eventually it flames out in a blaze of hyper-inflation.
The years of reading commenters blubber over the debt we are LEAVING our children….baloney. They will reset with a new currency and that takes care of it. Does not mean that everyone won’t lose everything they own but YOU should have a tail hedge to cover your ass.
I hear ya brah…joo money trik did in Rome.
I agree with everything except the joo part. Screwing people over is an equal opportunity thing with psychopaths. I get the feeling that money is going to mean little in the future when people can’t find food. slaves don’t get paid.