AAA is predicting over 54 million Americans will be traveling 50 miles or more from home for the Thanksgiving Holiday.

That's a nearly five-percent increase over last year and the most since 2005.

AAA Northeast General Manager Ed Welsh says the vast majority of travelers -- 48.5 million --- will be going by car.

“Consumers have a lot to be thankful for this holiday season: higher wages, more disposable income and rising levels of household wealth,” said Welsh.  “This is translating into more travelers kicking off the holiday season with a Thanksgiving getaway, building on a positive year for the travel industry.”

Welsh says higher gas prices aren't keeping travelers home.

The national average of $2.62  gallon is 20 cents higher than a year ago and the highest Thanksgiving price in four years.

The Thanksgiving holiday period is defined as Wednesday, November 21st to Sunday, November 25th.