More than 30 million road trippers will enjoy the lowest gas prices in more than a decade when they hit the highway on this Labor Day long weekend.
It's estimated that 35.5 million US travelers will venture 50 or more miles from home this weekend. The traditional end of summer holiday weekend will see 2.6 million people flying (some of which will rent a car on arrival to continue to their final destination), 2.4 million taking a train, bus or a cruise and the rest hitting the road. This will be the highest number of Labor Day travelers since 2008 and a 1% increase from last year.
According to the AAA's Daily Fuel Gauge Report, the average price per gallon of fuel today in the US is $2.447 although I was lucky enough to fill up this morning in Boston for $2.249!
The chart below (thanks to AAA) shows the average price trend over the last 4 years. It's clear that 2015 has been good for the overall health of US drivers' wallets.
According to AAA, the most expensive gas is in the Pacific Northwest with all 10 of the most expensive states located on the western side of the Rocky Mountains. The most expensive state this week is Alaska at $3.40 closely followed by California at $3.35. At the other end of the scale, the cheapest state is South Carolina at just $2.02 per gallon.
The national average price today of $2.447 is a whopping 98.7 cents or 28.7% lower than a year ago.
Prices have been nose diving for the last month. In fact, the national average has dropped 1 cent since yesterday, 9.9 cents since last week and 20.5 cents since last month.
With gas prices this weekend set to be at their lowest levels since 2004, families will have a nice little bit of breathing room in their travel budgets compared with recent years.
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.