“Fewer drivers will take to the road during the Independence Day holiday in part due to a sluggish economy, but also because people will take less time off,” the AAA told Reuters.
Gas is around 10 cents a gallon higher than last year, but that’s not what’s keeping Americans off the highways.
Americans are worried about the effects of the spending cuts, and hits from higher taxes because of the expiring Social Security tax cut this year, the wire says. \
The calendar also plays a role. July 4 fell on a Wednesday last year, which led people to take a longer vacation. This year, it’s on a Thursday.
Good for those who hot the roads nonetheless. Fewer people, fewer traffic jams!