tend to go higher, and refineries switch over to summer gasoline and it s cleaner for the air and also more expensive. we will enter the spring/summer bump from an already elevated level. the national average will go from $3.10 right now, to as high as 4.05 a gallon in may and peaking at $4.25 a gallon in august, and that s uncomfortably high. there s some good news here. this is not all gloom and doom. gas buddy says the national average for next year is going to be $3.49 a gallon, and that s down 50 cents from this year. americans would spend $55 billion less if that forecast comes true. for the average family that works out to almost $300 less than this year over the course of the year. of course, there s a lot of wild cards here. everything from the war in ukraine to hurricanes to a
year. to put this in real terps that would translate to families spending almost $300 less for the whole year on fuel than they did in 2022. now, the bad news, though, is that gas prices could back towards that dreaded $4 a gallon threshold as people start driving more in the spring and summer and as refineries switch over to more expensive summer gasoline, gasp buddy is projecting gas prices could go from $3.10 a gallon to as high as $4.05 a gallon in may and $4.25 in august, uncomfortably high. now, listen to what gadbuddy s patrick duhon told me about what people should expect next year. 2023 is not going to be a cakewalk for motorists, it could be expensive and made either better or worse depending on the luck of the draw that is refineries have been a tremendous story of importance this year and if anything should
welcome back to morning joe. 9:31 in the morning here in new york city. the scaffolding is coming down off the famous rockefeller christmas tree. the tree lighting one week from tonight. well, your thanksgiving feast tomorrow going to cost a lot more this year. a new survey from farm bureau reveals classic thanksgiving dinner will cost 64.05. that averages to $6.50 per person. that s a 20% increase from last year s average. joining us now, stu leonard jr., the ceo of the world s largest dairyleonards. stu, it s great to have you back on this year. i think i ve told you i m a danbury stu leonard s guy.
canned vegetables, turkey, they are higher, so you look at overall cost. in 2020 it was 46.9, and now $53.31 per person, $64.05, i do the cpi report, within cpi, we saw they break down food as food away from home and food at home, that food at home component jumping 12%. you have to ask yourself, should i be eating out at thanksgiving and saving myself money or do i want to cook for my family? what a difficult decision to have to make. carley: i know, i think it is interesting, i heard you bring that up before, you make a good point. everybody says i don t want to eat out, thanksgiving aside, i will save money by staying at home and now the price of
there s a new report out, analysis regarding some insight into a thanksgiving meal. according to the american farm bureau, they found that a dinner for ten, including stuff, will cost $64.05 on average. which is up from last year. what is it going to take to finally see grocery prices start to come down? you put your finger on the problem. i that is a lot more. i think it goes back to the russian invasion of ukraine, believe it or not, the jacked-up diesel prices, energy prices, diesel is a big part of food costs, getting things from the farms to the store shelves requires a lot of diesel. the pandemic is also playing a