« Tasca III in Las Vegas for 5th race of Drag Racing Series season | Main | Video: Midsize cars earn better crash ratings »

Gas, Oil Prices Hit New Records

NEW YORK -- The upward trend in energy prices showed no sign of abating Wednesday as gasoline set yet another record at the pump and crude oil topped $112 a barrel for the first time in the futures market, according to the Associated Press.

The national average price of a gallon of regular unleaded gas rose 1.2 cents to a record $3.343 a gallon, according to a survey of gas stations by AAA and the Oil Price Information Service.

With the peak summer driving season still to come and gas following crude higher, the fuel may well reach the retail price of $4 a gallon that the Energy Department has been forecasting.

Posted by Peter C. T. Elsworth  at 1:52 PM to Crude oil market , Gas prices | Permalink

Comments

Posted by: dan fonseca on April 10, 2008 9:05 AM

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)