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AAA: Gas Prices Down, Holiday Travel Up this July 4th Weekend

aaa.com

Triple A is projecting 41.9-million Americans will travel 50 miles or more this holiday weekend, an increase of .07 percent over last year, and the heaviest Independence Day travel period since 2007.

The travel period is defined as today through Sunday, July 5th.

Public affairs manager for Triple-A Western and Central New York, Diana Dibble, says there are several reasons for the increase in travel.

"Basically what we experienced with Memorial Day as well, we're looking at an improved economy, higher consumer confidence and lower gas prices. And the result is increased consumer spending, and many will spend their money on travel."

Dibble says gas prices are at a five-year low, and compared to the first 6 months of last year, Triple-A estimates Americans have saved about 65-billion dollars on gasoline, or 530-dollars per household.

Triple-A is projecting gas prices will either remain flat or even decrease a little bit this summer.