RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

AAA Expects Gas Prices to be 40 Cents Higher This Spring

Mon Mar 12, 2018

152086755410366.pngAAA is expecting gas prices to rise through the spring and into the summer, translating to a 40-cent increase price compared to last year.

AAA says gas prices have been expensive, with motorists paying 25 cents more per gallon than a year ago. Prices have dipped in recent weeks, but AAA forecasts the national gas price average will be as much as $2.70 per gallon this spring—a costly pump price Americans have not paid since summer of 2015, when prices hit $2.81.

“There is tremendous volatility in the oil and gasoline market. Crude oil is selling at high prices compared to previous years and domestic gasoline demand has been high most of the winter,” says Jeanette Casselano, AAA spokeswoman, pointing to just a few of the factors driving gas prices up and draining consumers’ wallets. “This spring, consumers may have to make decisions on where they can cut costs to cover gas prices that are potentially 40 cents more per gallon than last spring.”

A new AAA survey found the vast majority of consumers would change their driving habits or lifestyle to offset higher gas prices. One in four say they would start making changes at $2.75, while 40 percent say $3 is their tipping point. Changes consumers said they would make include combining errands or trips (79 percent), driving less (73 percent), reducing shopping or dining out (61 percent), delaying major purchases (50 percent) and driving more fuel-efficient vehicles (46 percent).

AAA does not expect the national gas price to be reminiscent of 2011-2014, when motorists were paying on average $3.47 per gallon. While some states, like California, could see $4 per gallon, it will be temporary.

“Motorists will start to see gas prices make their spring spike in early April. That is when refinery maintenance is expected to be wrapped-up and the switchover to more expensive summer-blend gasoline kicks in, along with warmer weather and typical demand increases,” Casselano says. “Consumers can expect prices to likely increase throughout April, May and into the start of summer.”

To read the entire story, CLICK HERE.