AAA: Weak economy will zap holiday trips - wave3.com-Louisville News, Weather & Sports

AAA: Weak economy will zap holiday trips

COLUMBUS, OH (AP) - Auto club AAA says fewer people will be traveling during the July 4th holiday, even though gas is far cheaper this year and falling.

AAA said Wednesday that it expects 37.1 million travelers to take a trip of 50 miles or more away from home this year, a decrease of 1.9% from last year.

AAA blames the decline on uncertainty over the economy, particularly the rising unemployment rate and sagging personal incomes.

Gasoline prices rose every day for nearly two months, but began to fall on Monday. Gas at this time last year cost more than $4. National average pump prices are 34% lower today at about $2.68.

AAA did say air travel is expected to increase by 4.9% because of declining airfares and pent up demand for vacations.

(Copyright 2009 The Associated Press. All Rights Reserved.)

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