High gas prices, airfares test limits of summer vacation spending
The post High gas prices, airfares test limits of summer vacation spending appeared on BitcoinEthereumNews.com. Travelers walk through the terminal at Ronald Reagan Washington National Airport on May 1, 2026. Leslie Josephs | CNBC Higher fuel prices are testing how badly consumers want to travel this summer, whether flying or driving. Airfare hasn’t been this high since May 2022, when airlines stumbled out of the pandemic with aircraft and employee shortages to face hordes of consumers ready for “revenge travel.” Gasoline is above $4 a gallon and could go higher, AAA warned this week. Jet fuel prices doubled in the span of less than three months this year after the U.S. and Israel attacked Iran, kicking off a conflict that has left a key shipping channel effectively closed. Domestic round-trip airfares in April averaged $623, the highest in nearly four years, according to data from the Airlines Reporting Corporation, which tracks travel agency ticket sales. Jet fuel is the second-bigge