Cheap Gas, More Holiday Travel
More Americans are expected to be traveling around during the upcoming Independence Day weekend, an Associated Press report published in US News states. According to the American Travel Association, there will be approximately 41.9 million people traveling 50 miles or more away from home during the July 4 weekend. This projected number is higher by 0.7 percent compared to last year. Moreover, this represents the highest increase since 2007, right before the economic recession happened.
As much as 85% of the travelers will be expected to travel by car. After all, when the gas is at $2.78 per gallon (lower by 88 cents from last year), there’s no reason not to go out. Moreover, USA Today reports that the price of gas is actually the lowest Fourth of July price reflected since about 2010. In addition, AAA believes the holiday period will actually be from July 1 till July 5, much longer than the holiday weekend.
USA Today also reports that among all the travelers, as much as 85% will driving through the highway. That number is up by 0.7% from last year. At the same time, the number of travelers expected to go on a holiday by bus, train and cruise is also expected to increase by 0.5%. That amounts to about 3.2 million travelers. Meanwhile, air travel is also expected to increase to 3.21 million, an increase of about 1.5% from last year.
This year, a lot more Americans have actually driven around compared to the previous years. A report from the U.S. Department of Transportation’s (USDOT) Federal Highway Administration (FHWA) reveals that just in the first four months of 2015, Americans drove close to a trillion miles. The exact figure is 987.8 billion miles, exceeding the record back in April 2007, which was 965.5 billion miles.
Moreover, their latest “Traffic Volume Trends” report shows that in April alone, Americans drove 267.9 billion vehicle-miles. This is the highest recorded first quarter mileage of any year. Meanwhile, AAA predicts that Americans will have to pay 6 to 8% more if they decide to stay in mid-range hotels during the upcoming holiday. Moreover, the price of airfare is also expected to go up by 6%.