Gasoline prices have fallen about 64 cents a gallon nationwide since hitting their peak on May 6, providing an early Christmas present for the onslaught of holiday motorists according to AAA Carolinas.
But what about airfare?
Well, air travel is expected to be slightly lower than usual with airfare up over 21 percent when compared to last year. The increase was triggered by the higher jet fuel costs coupled with reduced capacity as airlines tried to increase profits.
But airfare has shown a 5% decrease when comparing November 2011 with December 2011 – a very good sign.
“The drop in gasoline prices, higher airfares and fewer available flights on smaller planes, and the slowly-improving economy mean more people will travel to visit family, friends and holiday destinations,” said David E. Parsons, president and CEO of AAA Carolinas.