Gas prices crimping summer travel
One-third of American families say they've scaled back their travel plans because of soaring prices at the pump.

NEW YORK (CNNMoney.com) -- Soaring gas prices are causing many Americans to change their summer travel plans, according to a study released Tuesday.

One-third of American families say they've scaled back their summer plans, according to a July survey of 5,000 U.S. households by the Conference Board.

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The survey was conducted before the news of the alleged terrorist plot in London.

Of those changing plans, 63 percent said they'd stay closer to home, while 26 percent said they've postponed or shortened their vacations this year because of gas prices.

"These survey results show that while most Americans haven't changed their vacation plans because of rising gas prices, a substantial proportion - one in three - have been compelled to alter vacation activities," said the Conference Board in a press release.

"Looking ahead, the combination of high gas prices and possible fallout from the recent terrorist threat could further change Americans' travel plans."

Only one-fifth of respondents said gas prices had affected their commute to work. Of those, 20 percent said they've increased work from home, 16 percent said they are car-pooling, and 10 percent are now using public transportation.


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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.