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Gas prices not expected to impact Labor Day travel


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AAA Travel projects 33 million Americans will journey 50 miles or more from home during the Labor Day holiday weekend, a 2.9 percent increase from the 32.1 million people who traveled last year.

The total number of 2012 Labor Day holiday travelers is expected to reach a new post-recession high, according to the AAA/IHS Global Insight 2012 Labor Day Holiday Travel Forecast.

Apparently travelers are not suffering from sticker shock at gas stations.

Approximately 28.2 million people (85 percent of holiday travelers) will make their Labor Day holiday journey by automobile, considered the most convenient mode of travel for many Americans. This is a 3.1 percent increase over the 27.3 million people who took to the nation’s roadways in 2011.

According to AAA Fuel Gauge Report, gasoline futures have spiked by 19 percent in the last two months. This has translated into a 7.2 percent increase at the pump. And don’t expect things to getter soon because pump prices take several weeks to catch up to futures.

A survey of intended travelers found that 66 percent said their current financial situation would not negatively impact their Labor Day holiday weekend travel plans. Of the remaining 34 percent of travelers who said their current finances would impact their travel plans, 21 percent will economize in other areas, 9 percent are planning to take a shorter trip, and the remaining 4 percent will travel by an alternate mode of transportation.

 — Lake Tahoe News staff report

 

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Comments (3)
  1. jeff says - Posted: August 28, 2012

    and 100 percent say we are getting ripped off everyday.especially in Tahoe.

  2. HangsUpsFromWayBack says - Posted: August 28, 2012

    I’ve saved ton cash,I go Carson city twice a week for many items, I carry a large gas dolly for a twin screws boat,in the rear the pick up, haul back to the lake ,power pump it to the 50 gallon tanks.

    36 packs of bud light at 18.97 a good beach prize compared to here.Nice saving for the warm temps.

    Jesus I even get 50 lbs of sun flowers seeds at 35 dollars.My birds must eat.

    The saving all adds up,there’s no need to throw cash away.

    You can see the Fall unfolding, the coves the last two days are wide open,Labor day really not that big deal.
    School starting, the weekends be busy,Sammy last summer concerts pack them in,then after that it’s like all the geese fly south back to the norms of our daily life’s.

    The traffic disappears,the money follows the traffic.
    Peace..

  3. HangsUpsFromWayBack says - Posted: August 28, 2012

    Saved 164.00 dollars on brand new snow tires,SET 4.

    41 dollars each for truck tires mounted,computer balanced, compared to our local prices.