"The winter blues appear to have given Americans the travel bug and a case of cruise cabin fever," says Marshall L. Doney, AAA Chief Operating Officer. Doney also says the improving economy is increasing consumer spending, disposable income and consumer confidence, leading to an increase in travel.
A whopping 88 percent of travelers (31.8 million) are expected to travel by car this holiday, which officially begins Thursday, May 22 and goes through Monday, May 26. Fortunately, their fuel costs shouldn't impact their budget too much since AAA expects gas prices to be similar to or even slightly lower than last year, due to increasing fuel supply.
Looking to reduce your fuel costs? Read about four strategies to save money on gas.
Tara Baukus Mello writes the cars blog as well as the weekly Driving for Dollars column, providing both practical financial advice for consumers as well as insight into the latest developments in the automotive world. Follow her on Facebook here or on Twitter @SheDrives.