NJ Drivers Can Expect Lower Gas Prices, Despite Predictions of Busy Labor Day Travel Weekend
Thursday, August 28, 2014 • 5:00pm
SCOTCH PLAINS, NJ -- AAA Travel projects just over 1 million New Jerseyans will journey 50 miles or more from home during Labor Day weekend, the highest volume for the holiday since 2008. The large majority of travelers (84 percent) will celebrate the holiday with a final road trip before summer comes to a close and children head back to school.\
Most U.S. consumers are paying the lowest gas prices for early August since 2010. AAA expects gas prices to have little impact on the number of people traveling for Labor Day, though lower prices will help make travel more affordable. The current average price of gas in New Jersey is $3.25 compared to $3.49 last Labor Day weekend. Nationally, the current price for a gallon of regular gas is $3.43, down from $3.59 a year ago.
Car Travel by the Numbers
- New Jersey – 881,013 (84.2% of all travelers), a 1.1% increase from one year ago.
- Nationally – 29.7 million (86% of all travelers), 1.4% increase from 2013.
“As the economy makes modest gains, more Americans are joining the labor force this year,” said Cathleen Lewis, Regional Director of Public Affairs and Government Relations. “With Labor Day symbolizing the American workers’ contributions to the strength and prosperity of our country, it’s only fitting that millions are choosing to celebrate this positive direction with an all-American road trip.
"Consumer spending continues to outpace disposable income, indicating that Americans are comfortable using their credit cards to take one last summer vacation this year,” Lewis added.
AAA provides the latest gas prices for the nation, states and metro areas at FuelGaugeReport.AAA.com. The AAA New Jersey Automobile Club, headquartered in Florham Park, provides automotive, travel, insurance, financial and educational services to its nearly 400,000 members in Essex, Morris and Union Counties. The AAA New Jersey Automobile Club also owns and operates the AAA Car Care Center, located in Springfield, NJ. North
America’s largest motoring and leisure travel organization, AAA provides more than 54 million members with travel, insurance, and automotive-related services. Since its founding in 1902, the AAA has been a leader and advocate for the safety and security of all travelers. For more information, visit AAA.com.