Soaring Gasoline Prices Won’t Stop Summer Travel

GasBuddy released its annual summer travel survey on Thursday, suggesting that the percentage of Americans planning on road trips this summer has increased over last year, indicating that crude oil demand destruction—at least from the transportation sector—isn’t on the horizon even at today’s high gasoline prices. According to the survey results, 58% of Americans plan on road-tripping this summer - that is an increase over last summer when gasoline prices were $1.50 less per gallon. The GasBuddy survey, polling nearly 2,000…