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home / news releases / JJETF - Despite Inflation Americans Are Still Taking Summer Vacations

JJETF - Despite Inflation Americans Are Still Taking Summer Vacations

iPath Bloomberg Energy Total Return Sub-Index ETN

2024-07-10 05:46:00 ET

Summary

  • Half of Americans are planning to increase their travel budget in 2024, according to a survey of travelers, despite persistent inflation.
  • Crude oil and gasoline prices are lower, making it cheaper to drive to a last-minute destination than it was earlier this year.
  • Fundamentals for the energy markets look positive, with generally strong demand and a consumer that still wants to travel.

By Debbie Carlson

At a Glance

  • Half of Americans are planning to increase their travel budget in 2024, according to a survey of travelers, despite persistent inflation
  • Gasoline prices were down from 2024 peaks through June while crude oil demand remains steady

For further details see:

Despite Inflation, Americans Are Still Taking Summer Vacations
Stock Information
Company Name: iPath Bloomberg Energy Total Return Sub-Index ETN
Stock Symbol: JJETF
Market: OTC
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