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Gas Price Sets Record for 6 Consecutive Days

Prices jumped 5 cents over the weekend

By Joe Benton
ConsumerAffairs.com

May 12, 2008

• Latest Gas Price Round-Up • 'Hypermiling' Is Dangerous, Says AAA • Struggling Drivers Blame Washington for High Gas Prices • What’s Really Fueling Those Sky-High Oil Prices • Credit Card Fees at the Pump are a 'Hidden Tax' on Consumers • Survey: 3 Out of 4 Angry About High Gas Prices • $2 A Gallon Gas Possible, Analysts Tell Congress • Speculators Buy More Oil Contracts Than Oil Companies • Saudis to Pump More Oil • Limiting Oil Speculators Gains Ground • Congress To Probe Oil Price Spike • Oil Market 'Saturated,' Iran Claims • Feds See No Relief from High Gas Prices • High Gas Prices Could Mean Lower Insurance Rates • High Gas Prices Good For Kia, Honda • Gas Prices Rip Past $4 and Keep Climbing • Administration, OPEC See Different Causes Of Oil Surge • Feds Probing Possible Oil Market Manipulation • Beware of Fuel Sippers Sipping High-Test • Retailers Respond to High Gas Prices with Discounts, Promotions • Rushing Into a Smaller Car Too Soon May Not Save Money • Hybrid Sales and Prices Climb in Lockstep with Gas Prices • Truckers Bemoan Burden of High Diesel Costs • Gas Prices Biting into Worker Productivity • Consumers Warned About Gas-Saving Schemes • Is Tony Soprano Controlling Gas Prices? • Oil & Gas: The New Bubble • Critics: New Federal Gas Mileage Standard Falls Short • Consumers Feeling Pain of Skyrocketing Gas Prices • New Gas Price Record Forecasts Expensive Summer Driving Season --- • More ...

Gasoline prices jumped almost 5 cents over the weekend setting yet another record price as consumers headed off to work for the week.

The national average price for a gallon of regular unleaded gasoline is now $3.718, an increase of almost 35 cents in the last month, according to the AAA Fuel Gauge Report.

Diesel fuel sells for a national average price of $4.361 a gallon, adding to the cost of food as well as almost every consumer good sold in stores and markets throughout the country.

Mid-grade gasoline is selling for $3.949 a gallon and premium costs 4.091 a gallon.

One year ago regular gasoline cost $3.064 a gallon, more than 22 percent less than the price now. Just one month ago regular gasoline sold for an average national price of $3.371 a gallon.

The most expensive gallon of regular gasoline is on sale in Ozark, Arkansas for $4.69. The cheapest gallon is found in Spartanburg, South Carolina for $3.34.

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