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- 27 Jun
Falling Gas Prices More Travelers
The national motorist association AAA is predicting the highest number of travelers for the Fourth of July holiday in the past 10 years, thanks in part to falling gasoline fuel prices. In some states, AAA is seeing gas prices drop a penny a day. The average price in South Carolina is already at $2.98 per gallon, with Mississippi, Tennessee, and Alabama averaging just over $3 per gallon. AAA sees fuel price drops accelerating, and predicts several of these states may soon join South Carolina under the $3 per gallon level.
AAA predicts 42.3 million travelers on the road for the Fourth of July holiday. That is nearly 5% more than last year. Besides falling gasoline fuel prices, having the holiday on a Wednesday provides a substantial boost because of the weekend on either end.
From a fuel price management perspective, expect higher fuel volumes for this holiday over last year.
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