Although gas prices are dropping, AAA predicts fewer Americans will travel this holiday weekend. An estimated “39 million Americans will travel 50 miles or more from home during the Independence Day holiday weekend,” AAA reports. The number of travelers is down 2.5 percent from a year ago.
AAA surveyed people who plan on driving this Fourth of July weekend and found that 56 percent said high gas prices will not influence their plans. The 44 percent who said gas prices will affect their travel plans said they will cut back in other areas, take a shorter trip or find a different way to get there.
“Increased fuel costs are also responsible for a shift in the demographics of the typical Independence Day traveler as higher prices impact lower income households more significantly,” Glen MacDonell, director of AAA Travel Services, said in a statement.
The national average for a gallon of regular gas is expected to cost between $3.60 and $3.70 this holiday weekend, AAA reports. The average price nationwide for a gallon of gas was $3.57 on Monday, according to the U.S. Energy Information Administration. This is 82 cents higher than a year ago.
Travelers who choose to fly this Fourth of July weekend will experience higher cost for flights, hotels and rental cars. AAA says holiday weekend flight prices will be up 11 percent compared to a year ago. Consumers who found the lowest rates are paying an average of $213 round-trip.
Are you traveling this Fourth of July weekend? How do you plan on budgeting for the cost of gas for your weekend trip? Let us know in the comments section below.
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