Road trips are receiving cheaper. The common national price of a gallon of regular unleaded gas has dropped to $4.36 on Monday, about 17 cents under a week ago and 66 cents below the peak on June 14, in accordance with tracking data from the American Automobile Association (AAA).
Thats very good news for Americans who delayed their summer getaways until August. If the existing trajectory continues, Americans will undoubtedly be looking at the average price below $4 per gallon fourteen days from now.
Or are we already there? Roughly 20,000 gasoline stations across over 30 states now offering gas at $3.99 or less, in accordance with Patrick de Haan, analyst at GasBuddy, who tweeted Sunday, Move over, expensive gas… the most typical price is $3.99 over the US, but $3.89 is currently the second most typical!
Gas is cheapest in the Southeast, where gas prices are averaging below $4 per gallon in 10 states, in accordance with AAA data. In both states with the cheapest average gas prices Texas and SC a gallon costs $3.86, typically.
Road trippers exploring the west coast will need to wait longer. In states west of the Rockies, the common price for a gallon of regular unleaded ranges from $4.68 in Arizona to $5.73 in California, based on the AAA.
Travelers pining for pre-Covid fuel costs are missing historical context, in accordance with de Haan. To attempt to somehow draw parallels to 2022 along with other (pre-2020) years is futile, because do not have we seen this type of massive shift in consumer behavior since that time (thanks, Covid) and at the top, seeing a significant producer declare war. 2022 will never be much like any year, tweeted de Haan.
But how are other travel expenses stacking up? Road-tripping travelers will see that hotels are charging somewhat more this summer. The common daily hotel rate in the usa is $157.23, up about 15% in comparison to 2019, based on the latest report from STR, which gives market data intelligence for the hotel industry.
Needless to say, how much you’ll purchase a accommodation depends upon where you go. Hotel guests in Miami are paying $204.15 per night, typically, that is 30% greater than pre-pandemic rates. Meanwhile, SAN FRANCISCO BAY AREA may be the only market where in fact the average daily hotel rate dropped in comparison to 2019, down 4% to a still-hefty $229.24 a night.
Then theres the price of dining out. The newest Consumer Price Index report shows the expense of full-service meals are up 7.7% during the last year, based on the U.S. Bureau of Labor Statistics.