» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 127 | NO. 96 | Wednesday, May 16, 2012

Cheaper Gas Won’t Boost Travel

By CHRIS KAHN and SAMANTHA BOMKAMP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 46 229 20,995
MORTGAGES 74 248 24,609
FORECLOSURE NOTICES 0 27 8,637
BUILDING PERMITS 282 641 42,978
BANKRUPTCIES 61 177 14,079
BUSINESS LICENSES 12 58 6,459
UTILITY CONNECTIONS 29 114 13,625
MARRIAGE LICENSES 20 67 5,136

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.