If you’re staying home over the upcoming holiday weekend due to gas prices, AAA says you’re in the minority. The travel organization predicts gas prices won’t stop an estimated 34.9 million Americans from traveling 50 miles or more away home for the the Memorial Day holiday weekend. That’s about .2% or 100,000 travelers more than did so last year.

That is even with gas prices averaging a dollar more than at this time last year — $3.91 a gallon compared to $2.85.

The group’s research indicates travellers will try to make up the money by cutting in other areas.

The predictions are based on economic forecasting and research by Boston’s IHS Global Insight, which says lower unemployment and higher disposable income still won’t be enough to erase much of the uncertainty about gas prices.

Translate »