Sunday, May 25, 2008

Travel expected to lessen for first time since 2002

In a way the news being reported by the media as far as holiday travel this weekend is good news for me personally, I'm leaving tomorrow night with my daughter and my best friend to drive from Toledo to San Jose. However, it can't be said it's good for those businesses that depend on holiday travel.

Memorial Day travelers face headwinds states:
Retail gas prices are up nearly 10% from a month ago and have climbed more than 20% in the last 12 months. Last Memorial Day weekend, drivers only had to shell out an average of $3.23 for a gallon of gas.

The surge in prices is keeping some drivers off the road. For the first time since 2002, Americans plan to drive less on Memorial Day weekend than they did the year before, according to AAA.

The number of Americans traveling 50 or more miles from home this holiday weekend will slip by 0.9% to 37.87 million, the motorist group forecast last week.

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