- Nov 15, 2011
ABC News says gas prices might affect holiday spending
ABC News took a look at holiday spending, showing how much the price of a turkey dinner has changed in only one year. The big dinner is expected to cost 13 percent more than it did a year ago, and the big bird will cost about $4 more than last year. Those costs are expected to rise in line with the hike in raw materials, but gas prices are to blame as well.
Follow the jump to watch the ABC News video. Gas prices are up on average 53 cents more per gallon than last year, and some experts claim a gallon of petrol could hit $4 per gallon in time for Valentine's Day. We can hardly wait.