"Soaring gas prices have Americans bracing for an expensive Memorial Day weekend, the traditional start of the summer when vacation-related travel typically spikes.
Despite the increases — last week, every state had gas prices over $4 for the first time ever — AAA is predicting travel for the three-day weekend will return to near pre-pandemic levels.
In its forecast, AAA projected an 8.3 percent increase in travel compared to Memorial Day weekend in 2021, or 92 percent of 2019 levels. Car travel in particular will reach 93 percent of pre-pandemic volume, the group predicted.
Policymakers are eyeing holiday travel for insights into how to approach pain at the pump."
Source: The Hill, 05/30/2022
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