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Rental car prices are skyrocketing ahead of Fourth of July weekend


Rental car prices are skyrocketing ahead of Fourth of July weekend
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File photo of rental cars in San Francisco.Justin Sullivan/Getty Images
Air travel might be considered a “total mess” right now, but the rental car industry doesn’t seem much better.
For the busy July Fourth weekend ahead, interest in rental cars is up 73% when compared to 2019, according to Kayak, with prices skyrocketing as much as 300% or more in some U.S. cities.
The U.S. has been dealing with a rental car shortage due to the COVID-19 pandemic, as many rental car agencies sold off much of their fleets to save cash and are now having a hard time meeting demand. We ve seen unprecedented U.S. demand for rental vehicles this summer and supply isn t keeping up, Steve Hafner, CEO of Kayak, said in a statement. ....

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