Huffpost Money

Labor Day: Gas Prices Won't Keep Americans Off The Road

Posted: Updated:

NEW YORK — Americans plan to hit the road this Labor Day weekend despite rising gas prices.

Thirty three million people will travel 50 miles or more, a 2.9 percent increase from last year, according to AAA. That's the highest level of travel for Labor Day since the start of the recession in late 2007.

A gallon of gas now costs an average $3.72 a gallon, down 22 cents from the peak reached in early April but about 40 cents more than it was on July 1.

The overwhelming majority of travelers – 85 percent – plan to drive to their destination. Once there, they will find hotel rooms costing 4 to 6 percent higher than last year.

Families planning to get away plan to spend $749. That's up from $702 last year.

Also on HuffPost:

Suggest a correction