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Gas Prices Headed Up Again

Five-day decline ends; national average price hits $3.618

By Joe Benton
ConsumerAffairs.com

May 7, 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 are headed up again after five consecutive days of declines, according to the AAA Daily Fuel Gauge Report.

The national average price for a gallon of regular unleaded gasoline rose to $3.618, up .008 cents overnight.

Diesel fuel sells for a national average price of $4.242, up .005 cents a gallon overnight. Mid-grade sells for an average national price of $3.844 and premium costs an average of $3.981.

One month ago regular gasoline sold for $3.339 a gallon and one year ago regular self-serve cost $3.036 a gallon.

Consumers are paying almost 20 percent more for gasoline than at this time last year.

The record price for regular gasoline was set May 1 at $3.623.

California has the most expensive statewide average gasoline price at $3.921 a gallon. Regular gasoline is averaging above the $4 mark in both San Francisco and Santa Barbara. The average price in San Francisco is $4.019 and Santa Barbara is $4.024.

Wyoming has the lowest statewide average gasoline price at $3.448.

Gasoline sells for $4.29 a gallon in South San Francisco. That is the most expensive price in the country according to Gaspricewatch.com. A gallon of regular cost $3.20 in Virginia Beach, Virginia. That is the cheapest price in the country.

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