With the world being consumed for all of 2020 thus far with coronavirus headlines, we are all familiar with the risks due to exposure and transmission of COVID-19. One of the pieces of information cycling around COVID-19 is the incubation period being up to 14 days, with a median of about 5 days. This timeline seems to link up with the Memorial Day festivities many families and friends had planned. After all, we were all yearning for a chance to get out and enjoy our favorite travel destinations and break the monotony of everyday life that has engrained social distancing at such a high level.
For the first time in 20 years, AAA has NOT issued their Memorial Day travel forecast since the economic data utilized to create the forecast has been affected by COVID-19. Even with states reopening, many Americans are choosing to play it safe and stay home. The AAA annual forecast that estimates how many people will travel over this holiday weekend, plans to make a comeback next year.
Well, here we are again, another year, another kickoff to summer and the beginning to millions of traveling vacationers heading out the door!
On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%.
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!