Friday, July 1, 2011

Decrease in 4th of July Travelers Predicted by AAA

Gas prices were sweet there for a while. I don't know about you and your town, but here in and around Middletown, Ohio I saw gas prices drop to as low as $3.25 a gallon. However, that sweetness was short-lived as the Fourth of July weekend approached. I literally saw gas increase at least $0.20 in a matter of hours towards the middle of this week and it appears that I'm not the only one as AAA predicts nearly one million fewer people will be traveling this 4th of July thanks to higher gas prices and increased air fares.

According to AAA, travel will decrease by 2.5%, with roughly 39 million Americans traveling 50 miles or more from home during the long weekend that begins today and ends on Monday, July 4th according to Jim Lardear, a spokesman for AAA. This number is down roughly one million from the 40 million travelers observed last year. "AAA is projecting a slight decline in the number of Independence Day travelers, mainly due to fuel prices being about one dollar higher than last year," Lardear stated. "Increased fuel costs also are responsible for a shift in demographics of the typical Independence Day traveler, as higher prices impact lower income households more significantly."

Last year 41% of those with a household income of $50,000 or less traveled on Independence Day. That number is expected to drop to 33% for this year while the number of households making $100,000 or more is expected to increase from 26% to 35% according to Lardear. Even though fewer travelers are expected to load up the car and hit the road this year, PennDOT will stop all maintenance and construction projects to allow smooth sailing for those fortunate enough to make it out of the house.

I am one of the lucky (or unlucky depending on your outlook) to be traveling this weekend. I am headed on a two-hour car ride to Columbus, Ohio so hopefully the gas prices don't eat up my cash too much. I suppose I can always give up food for gas.

Source: - AAA projects fewer people to travel on 4th of July

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1 comment:

surf said...

You got that right, staying put here till the plane ticket prices fall big time. Not spending anything I don't have to.