WASHINGTON (AP) – The lowest gas prices in more than a decade could make this Memorial Day one of the busiest ever on the roads.
AAA projects some 38 million people will travel 50 miles or more over the holiday weekend. That’s about 700,000 more than last year and the most since 2005. And the auto club says the overwhelming majority of those travelers – 89 percent – plan to go by car.
The average price for a gallon of regular is a $2.30 nationwide, about 34 cents less than a year ago, and AAA estimates that Americans have saved more than $15 billion on gas so far this year.
AAA also cites rising personal income and a strong labor market as factors encouraging Americans to head to the beaches, mountains and other destinations this Memorial Day weekend.