NEW YORK – About 10% more Americans plan to travel by car during the Labor Day weekend, according to the American Automobile Association. Some 31.4 million Americans will drive at least 50 miles from home, up from 28.5 million a year ago, the AAA said.
“While job growth has been disappointing, gross domestic product, household net worth and consumer confidence have increased, while consumer debt has decreased,” the AAA said. “The U.S. travel industry began to gain traction in the fourth quarter of 2009 and that momentum has continued this year.”
Gasoline prices are higher than a year ago, but have fallen of late. The average retail price for unleaded gasoline in the U.S. dipped blow $2.70 a gallon in the last day, down from $2.74 a month ago, but more expensive than the $2.62 price from a year ago, the AAA said.