Tuesday, March 6, 2012

Will spike in oil prices change your travel plans?

By Keith Still

Every time the price of oil spikes, it seems, stories start popping up about how gas prices may scare travelers into staying home. Or how this travel season?s hottest trend will be the ?staycation.? There?s good reason for the predictability of those news reports, though, because high fuel prices do affect travelers? plans in a pretty predictable way.

The most dramatic way, perhaps, is that skyrocketing costs at the pumps can be the deciding factor for some travelers, actually keeping them home altogether. Those who do venture out of town may change their plans ? opt for a shorter trip; stay in a cheaper hotel; eat out less/choose less pricey restaurants while on vacation; or spend fewer dollars on souvenirs and entertainment. People talk about oil being a limited natural resource, but for many of us, cold, hard cash is our most scarce commodity.

The bad thing about high fuel costs is that they?re difficult to escape. Don?t want to spend hundreds of dollars …

Source: http://blogs.ajc.com/still-traveling-blog/2011/03/09/will-spike-in-oil-prices-change-your-travel-plans/?cxntfid=blogs_still_traveling_blog

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