On the recordJune 5, 2007
schools will be letting out soon, and American families will be hitting the road for their summer vacations. But how far will they get this year with sky-high prices at the pump? The average price of regular gasoline is hovering near record highs, and this week stands at about $3.16 a gallon. This means American families are spending nearly $54 on average every time they fill up their tank, an astonishing $30 more per tank since President Bush took office. According to the AAA, the typical American family is on course to spend over $3,600 this year just to fill up their cars if these prices persist. Gasoline prices set a new record of $3.22 a gallon on May 21, according to the AAA's fuel gauge report. Gasoline prices in 34 States broke record highs in the past month. Prices are expected to climb again as the summer driving season progresses. Record high gas prices may not cause hardworking Americans to cancel vacation plans, but they are forcing families to cut back on other spending, putting our economic growth at risk.
Source
govinfo.gov




