Gasoline Pump Prices Revive ‘Staycation’ Talk
Rising U.S. gasoline prices will probably prompt Americans to visit tourist sites closer to home and limit their itineraries, travel adviser AAA said.
Bloomberg reported that Mark Brown, executive vice president for the non-profit group with more than 53 million members, told a House Natural Resources Committee hearing that its members were making adjustments as gasoline approached $4 a gallon.
“Members are not canceling their vacation driving plans at this time, but may scale back the distances and the number of destinations,” Brown said in written testimony distributed before a Tuesday (March 27) hearing in Washington, D.C.
Crude oil advanced more than 8% this year, and the average price for unleaded gasoline at the pump climbed about 19 percent to $3.90 a gallon Tuesday, according to AAA data.
More than half of Americans who plan to travel by car this summer said further gasoline-price increases would make them take fewer trips or spend less on meals, shopping and entertainment, Gilliland said, citing data from the U.S. Travel Association.