High Gasoline Prices Expected to Have Little Impact on Holiday Travel

Record-high gasoline prices, particularly in the Midwest, have prompted a Federal Trade Commission investigation, put pressure on states to decrease or eliminate the gas tax and been blamed for the recent drop in consumer confidence. But they aren't deterring Americans from planning to take to the roads this holiday weekend.

At the beginning of this week, Americans were paying an average $1.66 a gallon at the gas pumps, nearly an all-time high. That's 54.5 cents more than a year ago. Some Midwest motorists were paying more than $2 a gallon to fill their cars.

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