Gas prices may be rising, but a gallon of gas this Memorial Day is still the cheapest it's been during the holiday since 2005.
It's Memorial Day, which means we're taking a moment to remember the brave women and men who have served – or sadly, fallen – in order to keep the United States the Land of the Free. But it also marks the unofficial start of summer, and we're taking a day off to relax and celebrate.
More Americans are going to shake off the winter blues with a refreshing spring road trip over the upcoming Memorial Day weekend. AAA is predicting a post-recession high of 36.1 million Americans traveling 50 miles or more over the holiday weekend.
Americans are about to spend a lot of money on gasoline. If the number crunchers at the Union of Concerned Scientists (UCS) are correct, US drivers will spend a tidy $1.44 billion filling up for their Memorial Day travels as 31.2 million people use the long weekend to participate in the time-honored tradition of a road trip.
Generally speaking, holiday weekends are always good for auto sales, but the Detroit Free Press says that dealers are expecting to do exceptionally well during this year's three-day Memorial Day weekend. Even better, forecasts have 2013 new-car sales being the best the industry has seen since 2002 – predictions are hovering between 15 million and 16 million units for the year.
Memorial Day weekend is always a good opportunity to hit the road, and despite the sour state of the economy, AAA feels this weekend will see more travelers in their cars than last year.
Surprisingly, gas prices dropped prior to Memorial Day weekend and have seemed to defy logic throughout much of the first half of 2011. Luckily, pump prices have dipped below their 2011 peak of $4, down to a nationwide average of approximately $3.80. However, analysts warn that we're not out of the woods just yet.
Like you, we at Autoblog will be out and about today, enjoying the day off with family and friends, but we still have posts scheduled throughout the day for you. Before we usher in summer with the parades and cookouts and camaraderie, take a moment with us to remember the American servicemen and women for whom this day has been set aside. Their ultimate sacrifice is something we humbly honor as we salute the departed.
click to view more high-res images of the 2008 Dodge Grand Caravan SXT
An article in from Automotive News tells us... what we already know. Even though gas prices have declined since their almost record-breaking highs on Memorial Day, consumer confidence is at a low. What is interesting about the article is that it points out that not only is our confidence in oil down, but that lack of confidence extends to other parts of our consumerism.
2007 Ford Mustang GT - Click above for high-res image gallery