With gas prices 38.5% higher than last year, many Americans will be staying home this weekend instead of taking a road trip to celebrate Independence Day.
According to a CNN/Opinion Research poll, 31% of Americans have canceled or shortened their planned holiday weekend vacation because of the recent boost in the price of gas.
The poll comes out as gas prices hit yet another all-time high Wednesday to more than $4.09 a gallon, according to AAA.
Of the more than 1,000 Americans surveyed from June 26 to 29, 72% said record gas prices have caused them to make changes in their daily lives, and 30% said those changes were major ones, reports CNNMoney.com.
With only so much money coming in every month, after Americans pay their bills and pay increased gas and food prices, there isn’t much left to spend on a July 4 weekend road trip. It looks like neighborhood and local fireworks displays will be a popular choice for the upcoming holiday.