The American Automobile Association (AAA) projects that 98.6 million Americans will travel 50 miles or more from home during the year-end holiday season, an increase of four percent from the 94.8 million people who traveled last year. This number is the highest growth rate for the year-end holiday season since 2009 and the highest travel volume for the holiday period on record. The year-end holiday period is defined as Tuesday, December 23 to Sunday, January 4.
“’Tis the season for holiday travel, and this year more Americans will join with friends and family to celebrate the holidays and ring in the New Year than ever before,” said Marshall L. Doney, AAA President and Chief Operating Officer. “While the economy continues to improve at an uneven pace, it seems more Americans are looking forward with increasing consumer confidence, rather than looking back at the recession. This is helping to drive expected travel volumes to the highest level we have seen for the year-end holidays.”
“Lower gas prices are filling stockings with a little more cash to spend on travel this year as travelers are expected to pay the lowest prices since 2009,” continued Doney. “Lower prices are increasing disposable income and enabling families to set aside money for travel this year.”
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Holiday travelers will get an early Christmas gift this year as the average price for gasoline will most likely be at its lowest level in more than five years.
The national average price for regular unleaded gasoline is now $2.55 per gallon. The average price at the pump is 12 cents less than one week ago and 36 cents less than a month ago. The national average is down 69 cents from this same date last year and has now dropped on 81 consecutive days for a total of 80 cents during this stretch.
Motorists are paying $1.15 less than the peak 2014 price, which was $3.70 on April 8. AAA estimates drivers are saving more than $400 million dollars each day compared to the high prices paid earlier this year.
The American Automobile Association (AAA) estimates that 46.3 million Americans will travel 50 miles or more from home during the 2014 Thanksgiving holiday weekend. That number represents the highest volume since 2007 and is a 4.2 percent increase over last year.
Nearly 90 percent of thanksgiving travelers will be taking to the road. The Thanksgiving holiday travel period is defined as Wednesday, November 26 through Sunday, November 30.
The price of gasoline is something to be thankful for this Thanksgiving holiday season. Gas prices have fallen to well below $3.00 a gallon and AAA predicts most U.S. travelers likely will pay the cheapest Thanksgiving gas prices in five years.
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One of the busiest travel holidays of the year, the Thanksgiving holiday means you’ll have plenty of company on the nation’s Interstate Highway system.
A new survey, just published by GasBuddy says 92% of Americans traveling for the 2014 Thanksgiving holiday plan to drive; and 71% are expect to spend less on their trip this year. The survey goes on to say that 31% travelers will be venturing over 500 miles and another 31% will travel between 200 and 500 miles. This year 92% will be driving while just 6.5% will fly.
“The Thanksgiving holiday is such a deeply-rooted part of who we are that families will always do what it takes to bring everybody together regardless of fuel prices,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “But the mood we’re getting from our survey results suggests that notably lower gas prices have brought a sense of relief, perhaps some optimism, and also a sense of caution.”
Other interesting facts from the survey…
36% say their Thanksgiving travel begins on Thanksgiving Day. 30% said it starts the day before; 18% say they’re hitting the road 2 to 3 days before.
25% say they’ll fight the tryptophan malaise and drive home later on Thanksgiving Day; but the majority, 42% say they’ll wait 2 to 3 days and drive home Saturday or Sunday. 22% of us expect to hit the road with a fresh start the next morning.
71 percent said they expect to spend less on Thanksgiving this year.
The American Automobile Association (AAA) is projecting that 34.7 million people will travel 50 miles or more from home during the Labor Day holiday weekend. This number represents the highest number of travelers since 2008 and a 1.3 percent increase over last year.
Nearly 86 percent of travelers (29.7 million) will celebrate the holiday with a final road trip before summer comes to a close and children head back to school.
The Labor Day holiday travel period is defined as Thursday, August 28 to Monday, September 1.
Automobile travel will increase by 1.4 percent this year, with 29.7 million travelers hitting the road. Nearly 8 percent of travelers (2.65 million) will travel by air, a 1 percent increase from last year.
With most U.S. consumers paying the lowest gas prices for early August since 2010, AAA expects gas prices to have little impact on the number of people traveling for Labor Day, though lower prices could help make travel more affordable.
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Travelers hitting the road during the 2014 Independence Day holiday weekend will most likely find the highest gas prices in six years, according to the American Automobile Association (AAA).
“Market concerns about a supply disruption in Iraq are calming,” said Mark Jenkins, spokesman, for AAA-The Auto Club Group. “The price of oil slipped last week, so motorists should begin to see some relief at the pump. However, the discount may only be a nickel, keeping the average price on Independence Day at its highest level since 2008.”
The highest price for a gallon of regular unleaded gasoline was set on Independence Day 2008. The second-highest gasoline prices were in 2011.