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Weak Economy May Keep Some Home During July Fourth Holiday
Fewer people are expected to travel over the long July Fourth weekend this year.
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COLUMBUS, Ohio (June 27, 2009)--Auto club AAA says fewer people will be traveling this July Fourth holiday, even though gas is far cheaper this year and prices are falling.
AAA says it expects 37.1 million travelers to take a trip of 50 miles or more away from home this year, a decrease of 1.9 percent from last year.
AAA blames the decline on uncertainty over the economy, particularly the rising unemployment rate and sagging personal incomes.
Gasoline prices rose every day for nearly two months, but began to fall on Monday.
Gas at this time last year cost more than $4.
National average pump prices are 34 percent lower this week at about $2.68.
AAA did say air travel is expected to increase by 4.9 percent because of declining airfares and pent up demand for vacations.
Latest Comments
AAA halucinations. Gas prices are consumer rip off relative to current US ecomonics. The gov thinks no one is spending their stimulus to help the economy. The dopes created the illusion that the recession is over and is repsonsible for gas prices jumping on speculation. Everyone has to spend extra on fuel and energy. Bernanke still has bubbles coming out of his nose when he speaks. Also job losses keep occuring every month at an atronomical rate. CA and several other states, unemployment over 10% and worsening. Who wants to travel when they fear possible job loss, and exposure to the current flu epidemic.
I'm sure there is a beach... near you...
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