CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Complete Coverage Special Report Energy Fix

Gas prices rise, July 4 travel down

The number of people traveling over the July 4 weekend expected to decline 1.3% from last year.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Ben Rooney, CNNMoney.com staff writer

Which is the worst aspect of our dependence on oil?
  • Environmental damage
  • Lack of financial independence
  • National security

NEW YORK (CNNMoney.com) -- Retail gas and diesel prices pushed higher overnight, a daily survey by motorist group AAA showed Sunday. Continued near-record prices are expected to curtail Americans' travel plans during the July 4 holiday weekend.

The national average price for a gallon of regular gas increased seven-tenths of a cent to $4.079 from $4.072 the day before.

According to AAA, 31 states and the District of Columbia are now paying over $4.00 a gallon on average.

Alaska edged out California for the title of highest gas prices in the nation. Drivers there pay $4.611 a gallon on average, while in the golden state, a gallon of regular gasoline averages $4.584.

The third highest gas prices are in Hawaii, where a gallon of gas costs $4.436.

Missouri has the lowest gas prices. Drivers in that state pay $3.850 a gallon on average.

The survey also showed that the national average price for a gallon of diesel fuel rose two-tenths of a cent to $4.764 from $4.762 the previous day.

Cutting back on travel

AAA said it expects a decline in the number of Americans traveling during the Fourth of July holiday travel period.

The motorist group projects that 40.45 million drivers will travel during the holiday weekend. That's down 1.3% from the 41 million who traveled last year.

"Clearly gas prices are continuing to take a toll on the traveler's budget," said AAA President and CEO Robert L. Darbelnet in a statement.

Still, more than 13% of the U.S. population will be on the road this holiday weekend, according to AAA. And more than 34.2 million Americans, nearly 85% of all holiday travelers, intend to travel by automobile, a 1.2% decrease from 34.6 million people last year.

Approximately 4.54 million Americans expect to travel by airplane, down 2.3% from the 4.64 million last year. Nearly 1.7 million plan to travel by train, bus or other mode of transportation, AAA reported.  To top of page

Features
Markets Last Change
Dow Jones 10,388.90 22.75 / 0.22%
Nasdaq 2,194.35 21.21 / 0.98%
S&P 500 1,105.98 6.06 / 0.55%
10-year Bond 99 5/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.489 0.002
December 4, 2009 4:14 PM ET
CompanyPrice% Change
Big Lots Inc 27.94 18.69%
OfficeMax Inc 12.61 15.05%
BlueLinx Holdings Inc 2.99 12.41%
Kelly Services Inc 11.58 11.67%
Dec 4 3:53pm ET †
Holiday gifts for the yoga nut These 7 small brands are helping fuel a booming yoga industry. More
Best of the L.A. Auto Show Fuel economy is the name of the game in Southern California. More
Are things really getting better? Last quarter, the economy grew by the largest amount since the summer of 2007, but there are signs that things are still getting worse. More


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.