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Gas prices hit another record high
Gas prices hit another record high Retail gasoline prices jumped to yet another record high Sunday, according to drivers' advocacy group AAA's Web site. The national average price for a gallon of regular unleaded gasoline edged up to $3.707, topping the previous record of $3.671, set on Friday. Gas prices had been hitting almost daily record highs, most recently running up a 17-day streak that ended May 1. Last week, gas prices resumed their record run as crude oil prices pushed higher. Drivers now pay, on average, 22% more than they did a year ago, when a gallon of gas cost $3.037, according to AAA. Crude futures surged above the $126-a-barrel mark for the first time Friday before settling back at $125.96 Source: http://money.cnn.com/2008/05/11/news/economy/gas_price_record/index.htm
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