Three million more Americans are expected to travel this Memorial Day Weekend compared to last year, according to projections from AAA.
Google GOOG, +4.16% searches for “gas station prices” and “gas prices near me” ticked up on Friday as people prepared to take off for the holiday weekend. Some 34.9 million cars were expected to hit the road, AAA said. The surge in gas prices could prompt at least some travelers to revisit their holiday weekend or summer road trip plans. “Against a backdrop of gas prices that have continued to set new records ahead of Memorial Day, Americans have been resilient in their desire to hit the road, but we’re certainly seeing increased hesitancy due to rising prices at the pump,” said Patrick De Haan, head of petroleum analysis for GasBuddy.
$SWN They have some of the lowest cost to extract natural gas in the industry. Also they are not experiencing supply issues like most companies in the industry. They have there own fracking crews so they don’t pay the higher fees to hire outside crews. Bullish $SWN