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
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For further details see:
Despite Inflation, Americans Are Still Taking Summer Vacations