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Trip To Grandma’s Was A Little More Expensive This Year
November 25, 2010
That Thanksgiving trip to grandma’s house was a little more this expensive year, with gas prices up about 20 cents over last year.
The average price for a gallon of regular unleaded gas in the Pensacola metro was $2.79 headed into the Thanksgiving weekend, up from $2.60 last year and just $1.78 two years ago.
Around the North Escambia area, that gallon of gas ranged from $2.72 to $2.84 in an informal survey. The lowest Escambia County price was $2.71 at the Navy Mall and a Murphy Express on Navy Boulevard.
AAA today projected the number of Americans traveling for the Thanksgiving holiday will increase 11.4 percent from 2009, with approximately 42.2 million travelers taking a trip at least 50 miles away from home. Last year, 37.9 million Americans traveled during the Thanksgiving holiday. The 2010 Thanksgiving holiday travel period is defined as Wednesday, November 24 to Sunday, November 28.
“While Americans remain cautious with household budgets and discretionary spending amidst high levels of unemployment, many are in a better financial position this Thanksgiving than a year ago,” said AAA President and CEO Robert L. Darbelnet. “This improvement, along with a strong desire to spend time with friends and family, is expected to propel a significant increase in Thanksgiving travel.”
The forecasted double-digit increase in Thanksgiving holiday travel would signify an important upturn in travel volume for the holiday after a year of negligible growth in 2009 (0.2 percent) and two years after a historic 25.2 percent decline in travel in 2008. While the forecast for an 11.4 percent increase in Thanksgiving travel is significant, the increase in the number of travelers by 4.3 million is less than half of the volume lost from 2007 through 2009. Moreover, this year’s expected 42.2 million travelers remain almost 30 percent below the 2005 peak of 58.6 million travelers.
This year’s projected increase in holiday travel appears to be the result of modestly improved economic conditions since last year, including an increase in gross domestic product, real disposable personal income and household net worth combined with a decrease in consumer debt. While job growth has been minimal and unemployment remains high, the unemployment rate has remained stable, which is an improvement from 2008 and 2009 when job losses were mounting each quarter.
Pictured: A gallon of regular unleaded gas was at $2.75 in Century. NorthEscambia.com photos, click to enlarge.
Comments
One Response to “Trip To Grandma’s Was A Little More Expensive This Year”
William, yes the economic conditions did not help for most people,But the moratorium is pretty much still in affect in the gulf there has been only a couple for drilling permits issued since the Horizon incident, companies are moving out of the gulf along with jobs,,our need for bottle water and cell phones and other plastics dose not help much. We r now importing more oil because of this. The gas prices will continue to rise..people should expect $4.00 gal.gas by the spring into mid summer if this dose not change…..(Just a thought)