Institute on Taxation and Economic Policy (ITEP)

May 22, 2026

Associated Press: Memorial Day: Higher Fuel Prices Have Some Americans Scaling Back Their Travel Plans

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That kind of calibration is shaping the summer travel season, which gets its traditional start in the U.S. with the long Memorial Day holiday weekend. Higher fuel prices resulting from the Iran war and other inflationary pressures are making most forms of travel costlier as people in many parts of the world form their plans.

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