Travelers Taking Long Road Trips Due To Low Gas Prices
Summer comes to its unofficial end this weekend. That’s the bad news. The good news is that the long road trips millions take for the holiday now cost less than they did when summer began.
Gas prices have dropped in time for the busy Labor Day Travel weekend. The outlook for the fall is for more price drops. It’s the cheapest Labor Day travel weekend since 2010.
The price cut comes despite the rise of ISIS and violence in parts of the oil-rich Middle East. Rising US oil production is making a difference – boosting supply. Demand is flat because so many new cars and trucks get better gas mileage.
ABC’s Richard Davies joined us to discuss.
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