• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick July 4 travel hitting a record thanks to lower gas prices, humming economy
Editor's Pick

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

by July 4, 2024
by July 4, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Why are frozen vegetable prices so high? Blame war, immigration and California weather, economists say
  • CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle
  • Walmart to close 51 clinics as it shutters its entire Walmart Health division
  • United Airlines says FAA cleared it to start adding new aircraft, routes after safety review
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Clothing chain Bob’s Stores closing after 70 years
next post
Unmasking Market Moves: Why Focusing on Individual Stocks Beats Indexes in 2024

You may also like

Average credit card balances jump 10% to a record $6,360...

February 9, 2024

Nvidia CEO Huang sells $15 million worth of stock, first...

June 25, 2025

Walmart is opening five automated distribution centers as it tries...

July 11, 2024

Walmart and Target face similar problems — but only one...

August 19, 2023

Drone company’s stock soars after appointing Donald Trump Jr. to...

November 27, 2024

GM to invest more than $1 billion to produce new...

June 6, 2023

Golf’s PGA Tour and LIV merger is the latest power...

June 9, 2023

Lara Trump to host weekend show on Fox News

February 6, 2025

Quectel Launches Wi-Fi HaLow Module to Address Extensive Indoor and...

March 15, 2023

Starbucks shakes up its leadership again, adding two former Taco...

January 29, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025
    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,169)
    • Investing (538)
    • Stock (2,661)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025
    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,169)
    • Investing (538)
    • Stock (2,661)

    Disclaimer: RoundTableThoughts.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 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Nike pushes back Skims launch with...

    June 19, 2025

    Bissell recalls 3.2 million handheld steam...

    July 23, 2024

    Swiss regulator offers lifeline to Credit...

    March 16, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here