AAA announced that 41.9 M Americans will be travelling at least 50 miles from home this Independence Day (Indp Dy) holiday season. 35.5 M (84.7%) will travel by auto with another 6.4 M (15.3%) travelling by air, boat, etc. The Indp Dy season is the most heavily travelled of ALL the summer holidays with 13.1% of the US population travelling and 11.1% doing it by autos.
- Gas Savings for the Holiday Wknd Trip
- Using our all shades, all grades of gasoline price (Dept of Energy), gas will be $1.778 per gal cheaper this yr vs. 2014. Given AAA’s 5 M auto travelers, we estimate that these travelers will pump $433.435 M fewer $$ this Indp Dy season. (These savings assume an avg of 2.3 passengers per vehicle, a 400 mile round trip and 25 mpg.) Each 400 mile round trip will (on avg) cost each gas buyer(s) $28.45 less this yr vs 2014.
- Gas Savings for the Hypothetical Independence Day Mo (the 400 mile trip aside)
- Given an avg month of driving of 250 B miles by American drivers, Americans will save $17.78 B in gasoline this hypothetical Indp Dy mo vs 2014.
- Our family of 4 with 2 drivers will save $170.69 in gas purchases (assumes 1200 miles per driver per mo and 25 mpg during this hypothetical Indp Dy Mo of 2015).
- Estimates of Indp Dy Celebrating and Spending
The NRF estimates that 88.3% of all adult Americans will celebrate Indp Dy by a cookout, fireworks, a parade, travel, etc with the cookout being the most popular (64.4%). According to the NRF adult Americans will each spend $71.23 in Indp Dy celebration for a total econ impact of $6.68 B. Other data supplied by the NRF includes:
- 62½% of all families (households) have an American Flag
- 44½% have a t-shirt/hat etc that is considered as patriotic.
- 362/3% have Indp Dy decorations
- 23% claimed that they were likely to buy some patriotic merchandise b-4 Indp Dy
Wallet Hub ranks 100 cities regarding Indp Dy celebrations. (It ranks them on Entertainment & Eating, Attractions & Activities and Weather.) Of the 100 ranked cities, Minneapolis is #1; Las Vegas is #100 and Detroit is #21.
- Hot Dog Heaven belongs to the Summer in USA
According to Nat’l hot Dog & Sausage Council, Americans will eat 150M Ht Dgs on Indy Dy (stretching from DC to LA 5 times!) From Mem Day to Labor Day Americans eat 7 B Ht Dgs or 818 per second or almost 8 per mo (1lb) for every American over 10 yrs old (during that same time period). In 2014 1 B packs of Ht Dgs were sold at retail for $2.5 B. At MLB parks last summer 21.4 M Ht Dgs were sold or almost 1 to every 3 fans per game. LA, NY & ATL are the TOP 3 Ht Dg consuming cities in the US. Detroit is #8! LA, NY & CHI are the TOP 3 sausage consuming cities. Motown is #5.
- Foreign Trade “Flags” for the US in More Ways Than One
For July, 2014 the US had a $41.4 B Negative Balance of Trade with EXPORTS of $196.9 B and IMPORTS of $238.3 B. Contributing to this deficit was Old Glory herself! In 2014 the US imported $3.6M worth of flags (with $3.5M coming from China) while only exporting $1.8M (Turkey was the biggest importer with $673K). That ratio is almost $2 for every R,W & B in imports vs $1 for every export. GO FIGURE!