The national average for a gallon of gasoline fell to $4.80, down eight cents over the past week. The primary reason for the decline is lower demand at the pump as fewer people fueled up over the past two weeks. The lull, however, could end with the arrival of the summer driving season.
Car travel expected to set a new record despite the historically high gas prices
AAA expects 39.2 million people will travel for the unofficial start of summer
AAA advises travelers on best time to book flights, top destinations and where to stay this Memorial Day
AAA predicts crowded roads and skies, with air travel nearly tripling over 2020
Pump prices continue to tumble as fears of a possible COVID-19 global economic slowdown pushed oil prices into the mid $60s per barrel—a price not seen since August. Also helping to ease upward pricing pressure was the decision by OPEC and its oil-producing allies not to cut production. The national average for a gallon of gas dipped 4 cents on the week to $3.35. For consumers, gasoline prices were last this low on October 20.
AAA predicts more than 53.4 million people expected to travel, the highest single-year increase since 2005
AAA forecasts that more than one-third of Americans will travel this holiday season. The record-breaking 112.5 million travelers taking to the nation's runways, roads and rails for the year-end holidays represents a 4.4 percent increase over last year and the most since AAA has been tracking holiday travel.
Led by millennials, some 88 million Americans plan to take family vacations this year. According to the latest research from AAA Travel, 44 percent of millennials are planning a family getaway, more than members of Generation X (39 percent) or baby boomers (32 percent).
The hotels receiving a Five Diamond Rating undergo a number of checks and balances including in-person inspections, anonymous overnight stays and, finally, review by a panel of experts to ensure credibility. Fewer than half of 1 percent of the more than 27,000 AAA Inspected & Approved hotels receive the Five Diamond Rating.