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VOL. 127 | NO. 96 | Wednesday, May 16, 2012

Cheaper Gas Won’t Boost Travel

By CHRIS KAHN and SAMANTHA BOMKAMP

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Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.

Economists and tourism experts are expecting only a small uptick in summer travelers. Gas prices are still high enough to keep some lower-income Americans at home. The job market is improving, but still shaky. And household debt remains high.

A number of travelers will drive because they can’t afford to fly. The bulk of road trippers, experts say, will choose shorter trips, reduce food and entertainment expenses or stay closer to home to conserve cash.

For Memorial Day weekend, auto club AAA predicts that 34.8 million Americans will take trips of at least 50 miles, up 1.2 percent from 2011.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 220 17,575
MORTGAGES 83 246 22,897
FORECLOSURE NOTICES 5 38 4,467
BUILDING PERMITS 206 514 41,739
BANKRUPTCIES 52 176 16,568
BUSINESS LICENSES 20 50 5,751
UTILITY CONNECTIONS 97 196 25,067
MARRIAGE LICENSES 12 66 5,351

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