(Bloomberg) -- U.S. travel over the May 25 Memorial Day weekendis poised to reach a 10-year high as Americans with more money intheir pockets are lured onto the roads by lower prices at thepump.

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About 37.2 million Americans will travel more than 49 miles (79kilometers) from May 21 to May 25, a 4.7 percent increase from lastyear’s holiday and the second-highest level in AAA data.Trip-takers totaled a record 44 million in 2005, the Heathrow,Florida-based motoring club said Friday. About nine in 10 peopleare expected to drive.

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Retail gasoline prices are below year-earlier levels by morethan $1 a gallon, dragged down by oil prices that collapsed amid aglobal glut of crude. That’ll translate into $700 in savings forthe typical American household this year, based on U.S. governmentforecasts. Relief at the pumps and falling unemployment willcombine to boost holiday travel spending, AAA said.

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“The U.S. economy will bounce back and accelerate in the secondquarter,” AAA said. “The rebound will be driven by strongerconsumer spending. This boom in consumer spending will be the maindriver behind the substantial increase in Memorial Day travel.”

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Air travel is forecast to rise by 2.5 percent from 2014 to 2.6million passengers.

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U.S. regular gasoline at the pump averaged $2.659 a gallon onThursday, $1.006 below a year ago, data compiled by the motoringgroup show. Prices slid 39 percent in the second half of 2014.

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Employers added 223,000 workers to payrolls in April, LaborDepartment data showed Friday. The unemployment rate fell to 5.4percent, the lowest since May 2008, from 5.5 percent.

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--With assistance from Jeff Kearns in Washington and SteveMatthews in Atlanta.

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Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

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