If gas prices reach $3.50 a gallon, which is expected this summer, consumers will start traveling closer to home.
So says a recent AAA-member survey with strong implications for the US travel market.
According to the AAA Travel Pulse report, more than one-third of AAA members indicate they would consider altering vacation plans to travel closer to home if the price of gasoline reaches $3.25 per gallon.
Nineteen percent said they would consider altering their plans if gasoline reached $3.50, AAA says.
AAA says 28% report they won’t change their vacation plans no matter how much gasoline costs.
Significantly more members who are retired and not working at all – 41% – say they would consider altering their vacation plans to travel closer to home if gasoline reaches $3.25 per gallon.
The peak price of gas is predicted by the US Department of Energy.
Report by David Wilkening
