Are you heading out of town for Thanksgiving this week? If so, you're not alone. According to the American Automobile Association, a total of 42.5 million Americans will be traveling at least 50 miles for their Thanksgiving celebrations this year. In a small sign of an improved economy, that's up from 40.9 million who traveled that far last year.
The vast majority of those travelers - 90 percent - will be driving, despite the fact that gasoline is much more expensive this year than it was in 2010. Nationwide, a gallon of gas will cost you an average of $3.43 right now, up from $2.55 at this time last year.
Add it all up, and the median spending by an American Thanksgiving traveler this year is projected to be a not-insignificant $540. That's a nice little boost to the economy as we head into the all-important holiday spending season.
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