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Gas prices pass $3.40 a gallon, are expected to rise higher

NEW YORK -- Retail gas prices pushed past a record high $3.40 a gallon Thursday, fulfilling expectations that they'll keep climbing toward $4 as the summer driving season approaches, according to the Associated Press.

At the pump, the average national price of a gallon of unleaded gas rose 1.9 cents overnight to $3.418 a gallon, according to a survey of stations by AAA and the Oil Price Information Service.

Diesel fuel also hit a new record of $4.146 a gallon after jumping 1.7 cents overnight, the survey said.

Posted by Peter C. T. Elsworth  at 11:59 AM to Gas prices | Permalink

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