Friday, May 23, 2008

Gas Price Fallout

More than a third of Americans are rethinking vacation plans because of record-high gas prices, a USA TODAY/Gallup Poll shows, and some destinations are feeling the squeeze as the summer travel season officially begins this holiday weekend. Of those altering travel plans, 37% are scrapping trips and one in four won't go as far or stay as long, the poll finds. "It's looking very bad. People just aren't coming," says Jackie Gentry, manager of the Seashore Inn in Seaside, Ore. The hotel isn't sold out for Memorial Day weekend, she says, "and we have hardly any reservations for June." The average price of a gallon of gas nationwide is $3.87. Some analysts predict gas will break past $4 as early as next week

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