Gas Prices Rise, 4th of July Travel Declines
What are your plans for the 4th of July holiday weekend? Beaches, picnics, BBQ parties, pools, family, friends… you name it and no doubt it’s a summertime tradition. Yet with today’s economy, you can’t help but reconsider travel plans due to soaring gas prices. Food costs have risen, entertainment expenses cost more, and travelling (whether to a distant relatives or to a special vacation destination) is through the roof.
The issue is at such a disappointing state that CNN Money is reporting that travel for the 4th of July weekend is expected to decrease 1.3% since last year. AAA estimates that 40.45 million drivers will travel during the holiday weekend, which is down from the 41 million who traveled last year.
Another interesting gas fact: Missouri has the lowest gas prices at $3.850 per gallon and Alaska has the highest gas prices at $4.611 per gallon.