Millions of Texans are expected to hit the road during the long Fourth of July weekend, paying record-high fuel prices.
Millions of Texans are expected to hit the road during the long Fourth of July weekend, although record-high fuel prices may lead them to cut back on other travel expenses, experts say.Leaders at Buc-ee’s, the gas station chain headquartered in Lake Jackson, share that sense.Average gasoline prices soared to record levels this spring, hitting more than $4 a gallon in San Antonio for the first time in history, but have softened in recent weeks.
“The high prices don’t seem to be holding many Americans back from hitting the road with the economy fully reopened,” said Patrick De Haan, GasBuddy’s head of petroleum analysis., which it defines as traveling at least 50 miles from home. That’s up 3 percent from last year’s Independence Day weekend and within 1 percent of the same period in 2019.
“When we see higher gas prices, typically that doesn’t deter people from traveling,” Zuber added. “Rather, if they’re concerned about the higher gas prices, folks tend to modify their trips — meaning they’ll choose less expensive accommodations, focus on staying with family and friends, or modify their activities.”
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