Summer is officially upon us, and millions of American families will soon be embarking on their annual trips to the beach, the mountains, the lake, grandma's house, or any other of the fantastic destinations our country has to offer.
The beginning of "summer driving season" is also a time when many Americans turn even greater attention to the price of gasoline. After all, traveling several hundred or more miles in a loaded up minivan can rack up an awfully large fuel bill.
But what about this year? Everyone knows that domestic oil production has been surging, and that this has created tens of thousands of jobs and improved our balance of trade. Doesn't the Great American Oil Boom also mean that families won't have to spend as much on the Great American Road Trip? One might be inclined to think that, but summer fuel prices tell us otherwise.