AAA is predicting a 1.9 percent drop in travel this Independence Day weekend, with 37.1 million people expected to travel 50 miles or more from home—despite the fact that gas is much cheaper this year compared to last. Current national gas prices stand at $2.64 per gallon, down from $4.09 a year ago. Still, road travel is expected to drop by 2.6 percent. Air traffic, though a small portion of total holiday travel, is expected to rise.
AAA’s July 4 prediction represents something of a shift in outlook, considering the association proclaimed a rise in Memorial Day travel just a month-and-a-half ago. However, gas prices have gone up roughly 40 cents per gallon since then, and that, coupled with the ongoing recession, may be keeping people home this weekend.
What about you? Are you traveling for the Fourth? If so, is it a longer getaway or a day at the beach? And if not, why? Leave a comment below and share your plans for the holiday weekend.