GasBuddy today released its 2024 Summer Travel Survey results and forecast for Memorial Day travel, revealing a near-record number of Americans planning to road trip this summer as gas prices continue to decline ahead of the holiday weekend. GasBuddy estimates the national average will hold in the mid-$3 per gallon range for much of the summer, with potentially tens of thousands of stations falling below $3 per gallon throughout the next several months. GasBuddy forecasts that gas prices will average $3.58 per gallon nationally between Memorial Day and Labor Day.
More Americans Plan to Hit the Road
According to GasBuddy’s survey, 76% of Americans plan to take a road trip between Memorial Day and Labor Day weekends, up 18% from 2023. The average traveler has two road trips planned, with many venturing far – 49% expect to drive 5 or more hours to reach their destination.
Setting the Stage for Major Travel Holidays Among major travel holidays, Memorial Day is the most popular with 60% planning a road trip, followed by Independence Day at 45% and Labor Day at 34%. Over half (58%) of road trippers have already confirmed their plans by booking accommodation. GasBuddy expects July 4 to be the lowest priced holiday at the pump, with Labor Day a bit uncertain due to hurricane season.
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Article URL : https://www.wkok.com/near-record-number-of-americans-planning-summer-road-trip/