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Christmas Gas Prices Down, Travel Forecast Higher
December 24, 2013
Christmas gas prices are down a few pennies per gallon over last year, according to the latest numbers from AAA.
The average price per gallon of regular unleaded gas was $3.21 Monday night in Escambia County, compared to $3.15 one year ago and an improvement from $3.27 one month ago.
Gas prices have climbed slightly from the multi-year low of $3.18 per gallon on November 12, but AAA expects most drivers across the country will pay less than a year ago to fill up during the holiday season. Gas prices recently increased because of planned and unplanned maintenance at a number of refineries and seasonally stronger demand for gasoline. Prices should decline by the end of the year due to rising supplies and increased refinery production.
AAA projects 94.5 million Americans will journey 50 miles or more from home during the year-end holiday season, an increase of 0.6 percent from the 94 million people who traveled last year. This upward trend marks the fifth consecutive year of increases and the highest travel volume recorded for the season. The year-end holiday period is defined as Saturday, December 21 to Wednesday, January 1.
According to AAA:
- Holiday travel to total 94.5 million, an increase of 0.6 percent from the 94 million who traveled last year.
- Year-end holiday travel is expected to increase for the fifth consecutive year, reaching a new high since data has been collected by AAA.
- Ninety-one percent of travelers or 85.8 million to travel by automobile, an increase of 0.9 percent.
- Nearly 30 percent (29.7) of all Americans will take a trip this holiday, with more than one in four (27 percent) taking a road trip.
- Holiday air travel is expected to decline slightly to 5.53 million travelers from 5.61 last year.
- Median spending expected to increase slightly to $765, compared to $759 last year.
Pictured: A gallon of regular unleaded was $3.16 late Monday afternoon in Cantonment. NorthEscambia.com photo by Kristi Smith, click to enlarge.
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