Flight delays and cancellations may push more people to drive for the Independence Day holiday.
FILE IMAGE - Customers refuel at a Costco gas station in Concord, California, U.S., on June 22, 2022. Photographer: David Paul Morris/Bloomberg via Getty Images
The travel association says the reason for the drop in oil price to $107 per barrel, down from $110, is not due to weather or supply chain-related issues but because of less demand."Fear is not a good reason to move a market like the one for oil, but it is a powerful motivator," AAA spokesperson Andrew Gross said in a statement. "The cost of oil accounts for nearly $3 for every $4.89 at the gas pump. Consumers should find more relief when fueling up if oil prices drop further.
AAA predicts 47.9 million people will travel 50 miles or more from home during the July Fourth weekend. The Points Guy senior news editor Clint Henderson says summer weather is notorious for thunderstorms, but flight delays and cancellations so far this year is unlike any other.The summer travel season is in full swing, andholiday would rather drive to their destinations than book a flight.
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