The 2015 Memorial Day forecast is expected to mark the highest travel volume for the holiday in 10 years, since 2005.
Most drivers will likely pay the lowest Memorial Day gas prices in at least five years. Today’s national average price for regular unleaded gasoline is $2.66, $1 lower than the average price for Memorial Day last year.
The 4.7 percent increase over Memorial Day 2014 is the highest forecast growth rate for any of the holidays tracked by AAA since Independence Day 2012.
More than 88 percent of travelers (33 million) will travel by automobile, an increase of 5.3 percent over last Memorial Day.
Holiday air travel is expected to increase 2.5 percent to 2.6 million leisure travelers.
Travel by other modes of transportation including cruises, trains and buses, is expected to decrease 3.6 percent this Memorial Day, to 1.64 million.
Travelers will encounter higher average daily car rental and lodging costs this year, while airfares are slightly lower compared to Memorial Day 2014.