Memorial Day Weekend Bringing Motivation to America!

By: Brandon Roberts / May 24, 2018

Well, the kickoff to summer is finally here! It’s Memorial Day weekend and families are packing up the cars and hitting the roads for one of the highest traveled holidays of the year.  But will this year’s holiday weekend be as highly traveled as past years? The answer is yes, and by near-record numbers!

Despite the highest gas prices at the pumps since 2014, the expectation is for more than 41.5 million Americans to travel this holiday weekend. To put that into perspective, that is 5% more than last year and the most in over a decade. As an FYI for those of you who will not be vacationing and instead continuing your normal commute to work, this Thursday the 24th and Friday the 25th is anticipated to be the busiest and most congested part of the holiday, so you may want to hop in the car a little earlier to make it to work on time.

Below you can take a look at the expectations for some areas that may be near you or that you may be traveling to.

Worst Days/Times to Travel

Metro Area

Worst Day for Travel

Worst Time for Travel

Delay Multiplier of Normal Trip

Atlanta, GA

Thursday, May 24

3:30 – 5:30 PM

1.6x

Houston, TX

Thursday, May 24

4:30 – 6:00 PM 1.5x
Boston, MA

Thursday, May 24

4:30 – 6:30 PM

1.8x

Washington, DC

Thursday, May 24

4:30 – 7:00 PM

2.3x

New York, NY

Friday, May 25

3:30 – 6:30 PM

2.7x

Detroit, MI

Friday, May 25

4:00 – 5:30 PM

1.5x

Chicago, IL

Friday, May 25

4:00 – 6:00 PM

2.1x

 

 

 

Source: INRIX

The question is with these high gas prices, why would so many Americans want to hit the road in turn for more visits to the gas station? Could it be that hotels and car rentals are both nearly 10% cheaper than previous years? Maybe cheaper expenses could play a part in so many Americans hitting the road. But according to AAA’s Senior Vice President Bill Sutherland, it could be a result of motivation due in fact to our economy. Mr. Sutherland was quoted in saying that, “A strong economy and growing consumer confidence are giving Americans all the motivation they need to kick off what we expect to be a busy summer travel season with a Memorial Day getaway.”

So what does this all mean for our industry and our customers? Demand, demand, demand and potential for delays. If you see your friendly fuel transporter on the road today scoot over and let that fuel get to the pumps. Happy Memorial Day everyone!

NationalComparison_5-21-18

 

Source:

https://newsroom.aaa.com/tag/memorial-day-travel-forecast/

 


Categories: Memorial Day, Fuel, Gas Prices


Brandon Roberts

Written by

Brandon Roberts

Commercial & Industrial Fuel Sales Rep, Commercial Sales


Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.


Comments

Subscribe to our blog

Price Feed

Stay up-to-date on current fuel prices and market trends with our NYMEX price feed (15 minute delay to the live market).

© 2018 Market data provided and hosted by Barchart Market Data Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

Categories

Contact Us