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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

• Gas Prices Head Lower as Economy Slows • Gas Price Declines for 9 Days • Gas Prices Continue Downward Trend • Oil Prices Surge By Record $25 a Barrel • Gas Prices Drop for 5 Days • Price-Gouging Probes Spread to 6 States • Investigations of $5 Gas in North Carolina, Florida, and Virginia • Shortages, Price Hikes Follow Ike in Southeast • States Investigate Gasoline Price Gouging Claims • Pumping More U.S. Oil Won't Lower Prices, Consumer Group Says • Oil Prices Fall, Gas Prices Surge • Gas Prices Slide 8 Percent from Record --- • 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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