Cheaper gas not enough to boost summer driving

by cbsnews.com

Gas in Crescent City

NEW YORK — Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy

Economists and tourism experts are expecting only a small uptick in summer travelers. Gas prices are lower, but still high enough to keep some Americans off the road. The job market is improving, but still shaky. And household debt remains high.

Those who do travel won’t feel free to splurge. The bulk of road trippers, experts say, will take shorter trips and reduce food and entertainment spending to conserve cash.

“Travel is about security,” said John Larson, Vice President for IHS Global Insight, the firm that analyzed the AAA study. “If you feel less secure about your future, you may be less willing to take this trip.”

Read more…

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I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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