Gas prices are on the rise and experts are speculating people may do less traveling this summer. John M. Steiner The Sun
But with 37 million travelers expected on the nation's roads this holiday weekend - and almost 3 million of those folks in D.C., Maryland and Virginia - higher gas prices have not put a damper on holiday travel.
With an extra day off work, several are taking their Memorial Day celebrations out of town. And he said if the demand for gas winds down "it's likely the high water mark of $3 won't be hit". "So if you choose to ignore Florida's seat belt law, you can expect to receive a ticket as a costly reminder if you are stopped by an officer", Chenault said. Goods could cost more, too, as many consumer products like groceries and retail products are trucked over the mountain passes.
"I put $60 in it just now and it did not fill it", said Keith Carline who was traveling to Traverse City. While just across the bridge, the Upper Peninsula has some of the lowest gas prices in the state. Across the state line, Virginians are paying a per-gallon price of $2.75, which are 25 and 21 cents, respectively, below the national average.
"There is concern these prices could affect groceries and agricultural products", he said. Motorists are consuming more, and that drives up the price.
If you are driving throughout the weekend, here's something to keep in mind. Its statewide average recently hit $3.15, according to data from GasBuddy, a platform that tracks real-time prices at stations across the country. Higher gas prices mean higher visitor spending, which a year ago reached $10.2 billion in OR, said Leon Aliski, Dean Runyan Associates project manager.
A combination of a troublesome weather forecast and steadily climbing prices at the gasoline pump could stymie any such plans. "Only now, for the first time in eight years, we can put it exclusively on them".
Smith said the high prices are causing him and others to stay home this holiday weekend. "The price won't stop us from traveling".
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That's not keeping travelers from wanting to hit the road anyway.
AAA-Michigan spokesman Gary Bubar says gasoline prices rarely figure in people's travel plans. "We thought we would, but people kept driving". Does it really make a big difference to your gas mileage? Rising jet fuel prices are eating into what had been record airline profits. The days of the $2 per gallon prices seem to be long gone in the near future.
Memorial Day weekend is the unofficial kickoff to the summer, and it's also one of the busiest travel times of the year. "Usually (the price of gas) has no effect on travel".
However, some analysts are skeptical that OPEC and Russian Federation will do anything to spoil the high prices needed to balance their budgets.
But the number of people traveling isn't the only thing on the rise... so is the price at the gas pump!
Drivers will pay the most expensive Memorial Day gas prices since 2014.
"We may be a bit immune to it because our tours are competitively priced and we offer an iconic experience", Mercer said.
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