Hawaii residents are adjusting their spending because of  high gas prices and some may not take vacations, a new survey shows.

Sixty  percent of those who will travel this summer say they are shifting their budgets in other areas to afford their trip and the percentage of local residents who say they’ll possibly or definitely take a vacation this summer has dropped by 11 percentage points, according the annual AAA Hawaii Summer Poll. This year, 67 percent said they are considering or will take a summer vacation, compared to 78 percent in last year’s summer travel poll.

The average price for regular gas in Hawaii today was $4.08 a gallon, compared to $3.50 last year. In Honolulu, regular gas averaged $3.95 a gallon, compared to $3.40 last year.

The AAA Hawaii third annual summer travel poll shows a jump since the spring travel poll in the number of people indicating that high gas prices are affecting their overall budgets — from 59 percent in March to 74 percent now. At the same time, however, some consumers’ tolerance for higher gas prices could be rising. In the spring, 34 percent of drivers said they would make major changes in the amount of gasoline they used once it reached $4 a gallon. In the latest poll, just 20 percent said a $4 gas price had caused them to reduce their gas usage.

For those who do plan summer travel, 59 percent told AAA, they’ll take one trip, 28 percent will take two, 12 percent will take three and one percent will take four or more. Last year, 53 percent took one trip, 33 percent took two, nine percent took three and seven percent took four or more.

Most polled summer vacationers (75 percent) plan to take at least one summer trip to another U.S. state, while 27 percent will take at least one trip within Hawaii. The most popular destination states are California and Nevada, while the most popular destination cities are Las Vegas, San Francisco, Los Angeles and Seattle.

"The good news for travelers is that gas prices are now on the decline," said Diane Peterson, AAA Hawaii regional manager. "We expect that will bring more travelers into the last-minute market if they decided against making summer plans in April or May due to gas price uncertainty. Also, many travel providers are offering promotions to encourage last-minute summer travel since space is still available at several popular vacation destinations."

Analysts say gas prices may continue to decline this summer as crude oil prices drop. Oil dropped below $99 per barrel today after the government reported an unexpected increase in U.S. supplies.

Gasoline supplies also increased by 2.6 million barrels — more than double what analysts expected. Demand for petroleum products was down 5 percent and gasoline demand fell 0.5 percent from the same time last year.

The Associated Press contributed to this story.