Thursday, June 21, 2018
AutoLink

High gas prices won’t dampen Floridians’ Memorial Day driving plans

A spike of 16 cents a gallon in Tampa Bay gas prices in just one week doesn’t typically inspire motorists to hit the road. But soaring pump prices aren’t expected to deter some 2 million Floridians that AAA, The Auto Club Group, forecasts will travel by car Memorial Day weekend for summer’s start.

That’s up nearly 6 percent from last year when a fill-up was much less expensive.

"Higher gas prices will not be enough to keep travelers home this Memorial Day weekend," said Vicky Evans, the auto club’s assistant vice president, travel sales development. "A strong economy and growing consumer confidence are giving Americans all the motivation they need to kick off what we expect to be a busy summer travel season with a Memorial Day getaway."

Tampa Bay gas prices hit $2.79 per gallon on average Monday, 52 cents higher than this time last year. State prices averaged $2.82 per gallon, up 10 cents over the week and 50 cents over the year.

That’s the highest since November 2014, according to AAA, and Memorial Day weekend prices are expected to be at a four-year high.

Nationally, gas was $2.88 per gallon Tuesday.

A number of factors are responsible for pushing prices up. Demand both domestically and globally is up and steady right now, AAA said, while oil supplies are down slightly. Gas stations are also switching to summer blends, and gas prices overall are at four-year highs.

The U.S. sanctions against Iran may also impact gas prices, AAA said, as oil prices jumped last week following President Trump withdrawing from the Iran Nuclear Deal.

Related coverage: Record number of Floridians traveling for Memorial Day>

How Floridians will likely travel for Memorial Day:

• Automobiles:

Nearly 2 million Floridians are expected to travel by road for the holiday weekend, accounting for 89 percent of those traveling. That’s up 100,000 — 5 percent — from last year.

• Planes:

About 177,000 Florida residents — 8 percent — will take to the air for Memorial Day, a 12,500-traveler (7.6 percent) increase from 2017.

• Buses, cruise ships and trains:

Roughly 3 percent of Sunshine State residents will opt for these slightly more leisurely travel methods, totaling about 62,100 this year, up 1.3 percent (about 1,000 travelers) from last year.

Best and worst times to drive:

Worst: AAA forecasts that the busiest times to travel by car will be Thursday May 24 and Friday May 25 in the late afternoon, as motorists will have to compete with commuters.

Best: Traffic is expected to pick up beginning Wednesday May 23. AAA recommends hitting the road in the late morning and early afternoon and looking for alternate routes.

National travel stats:

Americans traveling: 41.5 million

Americans driving: 36.6 million

No. 1 travel destination: Orlando

MORE: Go here for more Business News

Contact this reporter at [email protected] or (727) 892-2249. Follow @malenacarollo.

Comments
2.4 million Floridians expected to travel for Fourth of July

2.4 million Floridians expected to travel for Fourth of July

Summer has officially started and so have summer travel plans. About 2.4 million Floridians are expected to travel for the Fourth of July holiday weekend, up 6.3 percent from last year, according to AAA, The Auto Club Group."We are already seeing a b...
Updated: 25 minutes ago
Tampa Bay gas prices keep falling

Tampa Bay gas prices keep falling

The summer reprieve in gas prices is continuing.After flirting near the $3 mark, Tampa Bay gas prices fell another six cents a gallon over the past week to an average of $2.65 for unleaded, a wide gap with the national average of $2.91 a gallon, acco...
Published: 06/18/18
Tesla to lay off 9 percent of its workers

Tesla to lay off 9 percent of its workers

Tesla announced Tuesday it planned to lay off up to nine percent of its workforce, a move that could eliminate roughly 3,700 employees.In a company-wide email, chief executive Elon Musk described the decision as "restructuring" and said it would affe...
Published: 06/12/18
Most people expect driverless cars to become common, and they worry about it

Most people expect driverless cars to become common, and they worry about it

Most Americans think autonomous cars will be quite common within 15 years, though 74 percent of people say they don’t expect to have one and two-thirds say they wouldn’t want to walk or ride a bicycle anywhere near one.Confusing? That’s in part becau...
Updated one month ago
GM’s stock surges, fueled by $2.25 billion investment in its self-driving business

GM’s stock surges, fueled by $2.25 billion investment in its self-driving business

The Washington PostGeneral Motors announced Thursday that Japan’s SoftBank will pour $2.25 billion in the automaker’s self-driving business, in a significant deal experts say boosts GM’s chances to be the first company to deploy autonomous cars natio...
Updated one month ago
Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Fiat Chrysler recalls 4.8 million cars, warning owners: Don’t use the cruise control

Associated PressDETROIT — Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until...
Updated one month ago