June 29, 2022

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Gas prices make the standard car on the Fourth of July, and air travel is expensive

Gas prices make the standard car on the Fourth of July, and air travel is expensive

Summer flights show no signs of slowing down with Independence Day weekend expected to be the second busiest since 2000. According to AAA.

It is estimated that more than 47 million consumers travel within at least 50 miles of their homes during the weekend, which runs from June 30 to July 4, according to the AAA. This is a 3.7% increase over 2021.

Traveling by car, in particular, is expected to “set a new record” even with Gasoline price hikeAccording to AAA. The organization expects 42 million people to hit the road over the weekend, up from 41.8 million people who chose to drive in 2021.

Gas prices are displayed at a gas station in Long Beach, California. (AP Photo/Ashley Landis/AP Newsroom)

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On Monday, AAA reported that the national average retail price for regular gasoline was $4.98 a gallon. However, the national average Exceed $5 per gallon last week.

Interestingly, more than half of Americans surveyed by the AAA in March reported that they would make changes to their Driving habits or lifestyle If gas prices go up to $4 a gallon. If prices reach $5, three-quarters of those surveyed said they would need to adjust their habits.

The AAA stated that “recent issues with air travel and persistent concerns about cancellations and delays” may be driving the increase in car travel. “In fact, the proportion of air travelers will be the lowest since 2011.”

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About 3.55 million people are expected to travel over the weekend, and another 2.42 million people are expected to take a train, bus or hop on a cruise, according to AAA data.

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“Earlier this year, we started to see an increase in travel demand, and it hasn’t abated,” said Paula Tweedal, senior vice president of AAA Travel.

Denver International Airport

The main terminal at Denver International Airport on August 24, 2021, in Denver. (AP Photo/David Zalubowski/AP Newsroom)

So far, AAA data shows that bookings for air travel, rental cars, cruises, hotels and tours for the most popular domestic destinations over the weekend have already increased by 60% through 2021.

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Expected costs of travel during the Independence Day weekend

The lowest price for weekend travel is an average of $201 per ticket. That’s already 14% higher than in 2021, according to AAA data.

Meanwhile, prices for mid-range hotels increased by about 23%. Average nightly lowest rates for AAA approved hotels over the weekend cost $244 per night.

The average daily car rental price also continued to rise.

“With the number of travelers increasing, these prices are still on the rise due to continuing supply chain issues coupled with increased demand,” AAA stated.

Although rates are 34% lower than last year, the average low is still $110 per day, which is $40 more per day on average than in 2019, according to the AAA.

The best and worst times to travel

With so many people on the road, INRIX transportation analyst Bob Pishue predicted that travel times nationwide could increase by 50% compared to normal times. He also noted that drivers around major metro areas should “be prepared for further delays”.

In fact, the AAA said, drivers in the major US metros may experience double travel times than they normally would.

AAA said drivers may encounter Longest travel delays During the afternoons on June 30 and July 1 due to a group of passengers leaving business early and traveling on vacation.

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According to AAA, “low congestion” is expected throughout the day on Sunday and Monday.

The worst time to travel is from Thursday to Saturday

Thursday: 2 to 8 p.m. EST

Friday: noon to 9 p.m. EST

Saturday: 2-4pm EST

Best time to travel from Thursday to Saturday

Thursday: Before 7 AM and after 8 PM EST

Friday: Before 10 AM and after 9 PM EST

Saturday: Before noon and after 7pm EST

Meanwhile, AAA booking data showed that July 1 is expected to be the busiest day for air travel over the weekend, and July 4 is expected to be the lightest.