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Top economist Mohamed El-Erian says the everything bubble is over. It’s a paradigm shift away from a ‘silly’ artificial economic world

Reuters

As fuel prices surge, RV drivers take shorter trips, get vehicles delivered

Recreational vehicle renters in the U.S. are planning trips closer to home or having fuel-gulping motor homes delivered to their final destination in an effort to cut down on fuel costs as travel remains a top priority even during record inflation. “We’re seeing cancellations from people coming further away, but then those reservations are filling up with people that might be more in the region or local,” said Toby O’Rourke, chief executive of Kampgrounds of America (KOA), a franchise brand of campgrounds across the country. Online RV rental site RVshare said about 58% of its renters factored fuel prices into their plans this summer, while around 16% of travelers said increased gas prices have hindered or halted their plans, according to its travel sentiment survey.

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