Holiday Travel Boom: Over 122 Million Americans Set To Travel During Christmas And New Year Amid Cheaper Gas, Pricier Flights

Benzinga

AAA expects a record 122.4M Americans to travel for the year-end holidays, fueled by cheaper gas and a rise in driving. Air travel will hit 8M passengers despite higher fares, and relaxed CAFE standards drew bipartisan support for boosting affordability and safety.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03The year-end travel season is on track to set records,

00:06as 8AA projected 122.4 million Americans will travel at least 50 miles from home,

00:12according to Benzinga.

00:13AAA said 109.5 million will travel by car, a 2% increase from last year,

00:20and noted that gas prices have dropped below $3 per gallon for the first time in four years.

00:25AAA projected 8.03 million Americans will fly domestically,

00:30and said ticket prices are up 7%, averaging nearly $900.

00:35The announcement of relaxed CAFE standards drew support from industry leaders and federal lawmakers

00:42who said it would boost affordability and safety.

00:45For all things money, visit Benzinga.com.

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