chicagotribune.com - Travel: AAA: High US gasoline prices to cut July 4 travel

chicagotribune.com - Travel Headlines from chicagotribune.com AAA: High US gasoline prices to cut July 4 travel 22 Jun 2011, 8:00 am 1 2 next |   single page Selam Gebrekidan Reuters June 22, 2011 NEW YORK (Reuters) - U.S. Independence Day holiday travel will fall 2.5 percent from a year ago as expensive gasoline eats at driving demand, travel group AAA forecast on Wednesday. Even with the recent decline in gasoline prices, AAA estimates 39 million Americans will travel 50 miles or more from home during the July 4 weekend, down from 40 million last year. Of these, some 32.8 million, or 84 percent, will drive to their vacations -- a million fewer than last year. (Graphic: http://link.reuters.com/cek32s ) AAA said a $1 increase in gasoline prices from last year, expected to average $3.74 a gallon during the holiday weekend, would be the main factor keeping U.S. motorists off the road. U.S. gasoline prices peaked on May 5 at $3.9845 a gallon, according to daily price data from AAA. Despite the decline in overall travel, slightly more than 3 million people will fly over the holiday weekend, a 9 percent increase from last year's 2.75 million air travelers, according You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed.