Indianapoilis, In. — Memorial Day is the unofficial start of summer, and Americans will kick off the season by traveling in near-record numbers. According to AAA, more than 41.5 million Americans will travel this Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years. With nearly 2 million additional people taking to planes, trains, automobiles and other modes of transportation, INRIX, a global transportation analytics company, expects travel delays on major roads could be up to three times longer than normal.
“The highest gas prices since 2014 won’t keep travelers home this Memorial Day weekend,” said Bill Sutherland, senior vice president, AAA Travel and Publishing. “A strong economy and growing consumer confidence are giving Americans all the motivation they need to kick off what we expect to be a busy summer travel season with a Memorial Day getaway.”
The 88 percent of travelers choosing to drive will pay the most expensive Memorial Day gas prices since 2014. Gas prices averaged $2.72 in April, an increase of 33 cents from last year, due to expensive crude oil, record gasoline demand and shrinking global supply. However, these higher prices are not keeping holiday travelers home, with automobile travel expected to increase for the fourth straight year, by nearly 5 percent over last Memorial Day.
While road trippers will pay higher prices at the gas pump this year, travelers can expect some relief in their wallets when paying for airfare, car rentals and most mid-range hotels. According to AAA’s Leisure Travel Index, airfares are 7 percent lower than last Memorial Day, landing at an average price of $168 for a round-trip flight along the top 40 domestic routes. At $59, the average daily cost of a car rental this Memorial Day is the lowest rate in the past four years and 11 percent cheaper than last year.
