WASHINGTON (AP) - While gas prices are near record highs, AAA says that's not likely to deter holiday travelers.
The agency says it expects a record 38.7 million Americans will travel 50 miles or more from home over the five days beginning next Wednesday. That's an increase of 1.6 percent over last year, while
gas prices are about a dollar more per gallon.
The Energy Department is predicting prices will rise another 10 cents by December.
Gas prices traditionally fall in the winter months as demand ebbs from summer highs. But oil prices have been flirting with $100 a barrel and low fuel stockpiles have reversed that trend this year.
There may be some relief, though. AAA says hotels, air fares and car rental prices have been dropping.
(Copyright 2007 by The Associated Press. All Rights Reserved.)
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