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Will High Gas Prices Scare Labor Day Drivers Away?
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FBN's Rich Edson on AAA's Labor Day travel outlook.
- Duration 1:33
- Date Aug 21, 2012
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FBN's Rich Edson on AAA's Labor Day travel outlook.
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You know that's the -- -- More than -- have 120 million drivers traditionally take to the roads over Labor Day weekend but -- spiking gasoline prices.
For so many merry makers save just stay at home.
-- that's and is in Washington DC with much more on this -- Hey -- it now.
They're getting out of town AAA says more people will travel this Labor Day holiday season they did last year hear the numbers triple -- predicting for Labor Day weekend.
33 million Americans will travel at least fifty miles from their homes -- travel up 3% air travel to be up.
More than three and a half percent total travel.
Up two point 9%.
Even with gas price is about twenty cents higher than they were on this day.
A year ago people are still planning to get away.
The record high gas prices and the bad economic news.
Is not really scaring people away from traveling they're not sacrificing those trips in fact this is the third major holiday this summer that we -- travel -- so says that people.
Do you believe that travels important to good to spend time for friends and family and if they want to prioritize going out this delivered it.
So they want triple -- says people are taking their trips more folks are taking trips they may scale back.
On going out to dinner certain types of things when they get almost -- to be buying souvenirs to try to.
Offset those gas prices but there's been a pretty good year for travel -- -- Memorial Day forecast of one point 2% Independence Day up nearly 5%.
Back to you.
Thank you so much -- -- that thing down in Washington.