Gas prices change holiday travel plans

@CNNMoney May 29, 2011: 7:26 AM ET
Holiday travel plans hit by high gas prices - CNN poll

Gas prices are up sharply and Americans are curtailing vacations this Memorial Day.

NEW YORK (CNNMoney) -- The high price of gas is forcing many Americans to change their travel plans for the Memorial Day weekend, according to a survey released Friday.

A CNN/Opinion Research poll showed that one in four adult Americans have altered their plans for this weekend because of high gas prices, and more than half say they have changed their overall vacation plans.

Gas prices are now averaging $3.81 a gallon nationwide, according to a daily survey from motorist group AAA. That's up from $2.92 a gallon at this time last year.

Overall, a strong majority of Americans say they have made changes in their daily life as a result of high gas prices, with one third indicating that those changes have impacted their quality of life.

But the survey suggests that lower income households are feeling the most pain.

Among households that earn $50,000 a year or less, more than 40% said high gas prices have forced major changes in their life. By contrast, only 24% of households that earn more than $50,000 a year have changed their habits.

Gas prices state by state

"Lower-income people and rural Americans are most likely to report major changes in their daily lives due to the price of gasoline," said Keating Holland, polling director at CNN.

While gas prices are typically more of a burden for drivers in rural areas, the recent spike in gas prices is almost as painful for drivers in big cities, according to the survey. In the survey, 42% of rural residents and 35% of urban dwellers say gas prices have forced changes in their daily lives.

The survey was conducted earlier this week, amid signs that the recent runup in gasoline prices has eased, and is based on interviews with over 1,000 adult Americans. The margin of error is between 3% and 6%. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
  • -->

    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: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. 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 2018 and/or its affiliates.