For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock.
Airfares are way up. US gas prices are higher than they’ve ever been at this time of year. Rates for hotel rooms and rental cars have jumped 12% and 46% respectively from where they were in 2019. The good news is that the prices for airfares, gas and hotel rooms are down from the record highs hit earlier in 2022, but they’re still among the highest on record for this time of year.
AAA’s estimate is that 49 million will travel by car over holidays, compared to 4.5 million who fly. And for those drivers gas prices are a far bigger concern than airfares. The good news is that price of a gallon of regular gas nationwide is well below the $5.02 record hit in June. AAA reports that the average as of Sunday stood at $4.67, down 27%. And prices continue to fall — the average price is down 11 cents a gallon in just the last week.
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