Even though gas prices are eating up close to 10 percent of U.S. incomes, motor club AAA said Wednesday travel plans may be scaled back, but not canceled.
“Motorists can expect to spend at least $250 more on gas this season, but that won’t stop them from traveling,” AAA spokeswoman Jeanette Casselano said in a statement.
The retail price for a gallon of gasoline is 58 cents higher than it was on this date last year, but has been moving slightly lower as the price of oil moves away from a yearly high above $80 per barrel. AAA lists a national average price of $2.91 for a gallon of regular unleaded. Casselano said it would take a national average price of $3.50 for most people to change summer travel plans significantly.
The type of gasoline made by U.S. refiners in the summer is more expensive to make because of the additional steps necessary to prevent harmful organic compounds from getting into the atmosphere during warmer weather.
“The higher gas prices may just encourage travelers to shorten their driving distance,” Casselano said.
For the full story click here.