Insiders Advisor
  • Stocks
  • World News
  • Business
  • Politics
  • Stocks
  • World News
  • Business
  • Politics

Insiders Advisor

Business

July 4 travel hitting a record thanks to lower gas prices, humming economy

by July 4, 2024
July 4, 2024
July 4 travel hitting a record thanks to lower gas prices, humming economy

Travelers heading out for the July 4 holiday can expect plenty of company this year.

Nearly 71 million people will be on the move over July Fourth week, according to AAA — a record that exceeds even pre-pandemic totals.

“With summer vacations in full swing and the flexibility of remote work, more Americans are taking extended trips around Independence Day,” Paula Twidale, senior vice president of AAA Travel, said in a statement. “We anticipate this July 4th week will be the busiest ever with an additional 5.7 million people traveling compared to 2019.”  

About 60.6 million people will travel by vehicle over the holiday, AAA said. That’s up nearly 5% from last year. At $3.51 a gallon, gas prices are slightly lower than they were this time last year, when they hit $3.54. Given that inflation has climbed more than 3% over the period, the cost effect for drivers is even greater.

Travelers in line for security screening at Hartsfield-Jackson Atlanta International Airport on Friday.Andrew Harnik / Getty Images

Air travelers are also expected to set a record, with AAA projecting 5.74 million people to fly to their July Fourth destinations, up 7% from last year.

AAA booking data shows that domestic airfare is 2% cheaper this Independence Day week compared to last year and that the average price for a domestic round-trip ticket is $800. 

Travelers near check-in desks at Hartsfield-Jackson Atlanta International Airport on Friday. Andrew Harnik / Getty Images

The booming travel figures are further reflected by the Transportation Security Administration’s screening data, which last week set a daily record of more than 2.9 million flyers processed.

The U.S. economy is slowing but still showing signs of solid growth. The Commerce Department said last week that spending on travel, restaurant meals and other services rose at a 3.3% rate in the first quarter of the year, a still-firm rate that is occurring against decelerating inflation.

This post appeared first on NBC NEWS
previous post
Major retailers are backtracking on self-checkout
next post
Campaign crisis: Dems who have called for Biden to drop out or raised concerns about his health

Related Posts

Trump Media lost $327.6 million in the first...

May 22, 2024

Paramount and Skydance inch closer to a merger...

April 30, 2024

Comcast and Harris Blitzer to build NBA, NHL...

January 14, 2025

Warner Bros. Discovery and ESPN strike 5-year deal...

May 23, 2024

Robinhood app says SEC dismissed crypto investigation in...

February 24, 2025

Chuck E. Cheese makes a comeback, with trampolines...

January 12, 2025

Here’s what has driven the Dow rally to...

May 18, 2024

Key fed inflation gauge cools to its slowest...

June 28, 2024

Boeing, Alaska Airlines point fingers at each other...

March 14, 2024

How the Olympics helped transform Salt Lake City...

December 11, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Latest News

    • Schumer forces name change for ‘big, beautiful bill’ moments before it passes

      July 1, 2025
    • ‘Only the beginning’: Trump admin releases data showing federal workforce slashed since January

      July 1, 2025
    • House Republicans call for investigation into Obama-appointed judge in Trump funding case

      July 1, 2025
    • Tax cuts, work requirements and asylum fees: Here’s what’s inside the Senate’s version of Trump’s bill

      July 1, 2025
    • House kicks off final sprint for Trump’s ‘big beautiful bill’ with key committee hearing

      July 1, 2025
    • Why Justice Jackson is a fish out of water on the Supreme Court

      July 1, 2025

    Categories

    • Business (1,289)
    • Politics (6,239)
    • Stocks (904)
    • World News (460)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: insidersadvisor.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 insidersadvisor.com | All Rights Reserved