Americans will take to the roads in record numbers this holiday season. AAA projects that travel will rise by 3.1 percent to 92.3 million during the Dec. 23-Jan. 2 holiday period. Last year travel increased by 4.4 percent, making the 2009-2010 and 2010-2011 holiday seasons the first back-to-back increases since 2005-2006 and 2006-2007.
AAA says 27 percent of the U.S. population, accounting for 85.7 million travelers, will be making round-trip journeys of 50 miles or more. Automobile travel will account for 93 percent of the trips.
Motorists will find higher gasoline prices at the pump this year, according to the Energy Information Administration (EIA), which projects average pump prices for regular gasoline to be about 38 cents a gallon higher than last year. As we've explained on this blo... more »