July 4th travel will be down slightly from last year, says AAA in its latest holiday forecast. Vintage patriotic clip art courtesy of Karen Watson

Get ready for lots of company on the road and in the skies around the Fourth of July weekend, though you’ll find them slightly less crowded than last year.

NBC News reported that AAA projects 40.8 million Americans will take a trip of 50 miles or more during the Independence Day holiday, a 0.8% decrease from last year’s record high.

The road trip still rules: 84% of travelers will be driving, while 8% will go by plane. But the number of people flying will increase slightly compared to 2012. The remaining travelers will take a train or go by bus.

“Independence Day is typically the busiest holiday of the summer travel season with 6 million more Americans traveling than Memorial Day just two months ago,” said AAA President and CEO Robert L. Darbelnet, in a statement to NBC News.

The calendar may be to blame for the overall decline of travelers, the association noted. With July 4th landing on a Thursday this year, the celebration is now considered a five-day holiday, with many people taking off the day before and coming back on Sunday.

Last year, Independence Day fell on a Wednesday, making it a six-day holiday for many people and giving them more time and opportunity to travel, AAA noted.

And despite Federal Reserve Chairman Ben Bernanke’s more upbeat assessment on Wednesday about the U.S. economy, the AAA said financial hardship continues to be a factor for travelers.

“Economic growth … is not robust enough to offset the impact of the sequester and the effect of the end of the payroll tax cut on American families,” Darbelnet said.

Still, the average traveler is expected to spend $747 and travel a round-trip distance of 613 miles this Fourth of July.

Gas prices won’t be a major factor in travel decisions this holiday – they’re up just slightly over last year, AAA noted. But weekend daily car rental rates and airfares are noticeably higher, up 29% and 6%, respectively, over 2012.