labor day. so why are gas prices higher this year compared to years past? a bit of a catch 22. we ve seen it before when the economy is good and unemployment is down, more people travel, right? and that s when demand for gasoline goes up. this weekend began with the highest gas prices for a labor day holiday in the past four years. with the national average of $2.83. that number is expected to go down to about $2.70 a gallon this fall. labor day sees a drop in gas prices attributed to the lack of demand after the summer. stable crude oil prices and the switch to the cheaper winter blend gasoline. when we hit $3.25 that changes things. at $3 or below people will continue to travel by car. molly: the only wild card that experts see that prevent the price at the pump from dropping is the potential
millions of cars are expected to be on the road today, they re already out there, of course. the summer has already seen an uptick in overall travel. many experts point to the booming economy and low on appointment rates, , and increae in vacationers. aaa says that 35 million americans will be traveling over 50 miles this weekend, which is a 5% increase from last year. 16 and a half million of those will be airline travel, which is up 3.5% from last year. labor day is the fifth most travel holiday, that s wait so busy. with the end of their conversation culmination toppig the list, they drop the national gas prices. this is attributed to the lack of demand after the summer, crude oil prices, and the switchover to cheaper gasoline. it began with the highest gas price for a labor day holiday in the past four years, but the national average is $2.83. that number is expected to go down to about $2.70 for the fal
are traveling over 50 miles, a 5% increase. 16.5 million will be airline travel, up 3.5% from last year. summary is synonymous with vacations. when the economy is performing better and people have more change in their pockets, they are inclined to spend it on travel. labor day is the fifth most traveled holiday each year. historically the fall sees a drop in national gasoline prices. this is attributed to the lack of demand after the summer, stable crude oil prices, and a switch to the cheaper winter blend gasoline. this weekend began with the highest gasoline prices for a labor day holiday in the past four years. with the national average of $2.83. that number is expected to go down to about $2.70 this fall. people aren t worried about higher gas prices. when we hit $3.25 as a national average, it changes things.
people travel and demand goes up for gasoline. this weekend actually began with the highest gas prices for a labor day holiday in the past four years with a national average of $2.83. that number is expected to go down to about $2.78 a gallon in fall. historically labor day season drops in gas prices. i m worried about the higher gas prices. when we hit $3.25 as national gas price average, that changes things. $3 or below, people do continue to travel by car. in you re listening to us in the car now, you ll know you re not lonely if you re choosing to get out. millions of cars are expected to be on the road today. this summer has seen uptick in overall travel. labor day is the fifth most travel holiday each year with the end of year combination
farmers getting rid of soy beans. so, do you look at 4.1% and think that is sustainable or should we talk about 2.83%? i think you re right to get a little bit anxious about focusing on only one number. and i got to also add that jared has over the years taken a lot of guff from conservatives about the first forecast he did about what the economy would be if we passed the stimulus and a think a lot of that criticism was unfair because they had to close, as i did, before they got a whole bunch of really bad data. for sure they would have chained t changed the numbers if they had the data. i think that s unfair. for me, though, thinking about what i m doing now here at the white house, that when i took the job, the president basically said, kevin, don t spin the american people.