Just like the trend that witnessed Americans canceling their Memorial Day and Fourth of July travel plans, the last summer holiday will have an estimated 0.9% decrease in travel in comparison to last year.
According to AAA, the decrease in vacation travel for Labor Day is the biggest in the last eight years. This drop is a reflection on the high gas prices and larger economic trends. Fuel prices are currently about $3.70 a gallon, which is 33% higher than at the same time last year. In addition, with a rise in prices of basic commodities, travel appears to be a luxury that not a lot of Americans can afford.
The number of Americans traveling in cars will drop to 28.64 million, which is a decrease of 1.1% from last year. The most difficult news is for the already struggling airline industry, which will experience a decline of 4.5% in air travel.
Maybe you’re one of the lucky ones who can afford to take a road trip this Labor Day weekend. If so, you will pretty much have the roads to yourself. However, you never want to leave home without a good roadside assistance program. After all, you can’t predict when your car will breakdown.