June 27-- AAA projects nearly 43 million Americans will travel this Independence Day weekend.
This represents the highest Fourth of July travel volume on record and a half million more travelers than last year. The holiday travel period is defined as Thursday, June 30 to Monday, July 4.
“Independence Day is always the most-traveled holiday of the summer, but this year it will be bigger than ever, primarily because of low gas prices,” said Joseph J. Richardson Jr., president and CEO, AAA - The Auto Club Group. “Airports will be just as crowded as the roads, because low fuel prices are making it more affordable to fly. If fundamentals remain the same, this could be a record-breaking year for summertime travel.”
U.S. drivers have saved about $20 billion on gasoline so far this year compared to the same period in 2015, which has made travel more affordable than in recent years. A more confident consumer and rising economic activity also are offsetting a cooling labor market to help boost holiday travel.