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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 This material may not be published, broadcast, rewritten or redistributed.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 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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