All modes of transportation are forecasted to rise.
AAA Mid-Atlantic is projecting more than 678,000 Marylanders will travel during the Labor Day holiday weekend, nearly a three percent increase compared to 2012. The figure represents the highest travel volume by Marylanders for the Labor Day holiday travel period since the recession ended in 2009. The Labor Day holiday travel period is defined as Thursday, August 29 to Monday, September 2.
"After scaling back travel for Memorial Day and the Fourth of July, Marylanders are planning to get away for the Labor Day holiday weekend," said Ragina C. Averella, Manager for Public and Government Affairs at AAA Mid-Atlantic. "While the overall financial picture remains mixed, economic indicators have improved from last year and have been trending upward during 2013. As a result, there appears to be pent-up demand by Marylanders to get away for the last summer holiday as many stayed put for the first two major summer holidays."
All modes of transportation are forecasted to rise. As is typical with holiday travel, automobile remains the dominant mode of choice as 87 percent of Marylanders traveling will take to the roads.
While Marylanders are primarily staying close to home, many have indicated plans for long-haul trips. Fifty-six percent intend to log between 50 and 400 miles round-trip compared to 43 percent in 2012, while 30 percent will travel between 701-1,500 miles round-trip. Last year only 15 percent traveled between 701-1,500 miles round-trip.
The average distance traveled is expected to be 592 miles round-trip, a nearly 23 percent increase versus 2012, which can primarily be attributed to the rise in Marylanders traveling between 701-1,500 miles round-trip.
Maryland’s average cost for gasoline has been on a downward trend since peaking at $3.70 per gallon on July 23. As of Monday, August 26, Maryland gasoline is priced at an average of $3.54 per gallon, two cents lower than a week ago and 14 cents less than this date last month. Compared to last year, the price is 17 cents per gallon lower.
AAA Mid-Atlantic forecasts gas prices to remain steady heading into the holiday weekend. However, there remains the potential for late-summer hurricane activity that could disrupt oil production in the Gulf of Mexico and send gas prices rising, which occurred last year with the arrival of Hurricane Isaac.