(Bloomberg) -- Bookings for domestic travel over the US Labor Day weekend are up 9% from last year, according to motor club AAA.
While the estimate only includes travel booked through AAA, the data adds to a sanguine picture for summer fuel demand in the US. Domestic travel was forecast to reach a record over the July 4 holiday week, and seen at a 20-year high for the Memorial Day weekend before that.
Growth in travel has remained resilient in the US this year, supported by pump prices that are trending lower. Retail gasoline prices for Labor Day weekend are seen at $3.50 a gallon compared with $3.81 last year, said AAA.
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