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| Consumers are looking for ways to alleviate higher gas prices. CNN's Allan Chernoff reports (August 23) |
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NEW YORK (CNN/Money) -
Gasoline prices eased for third straight day Thursday, edging lower from a record high set at the beginning of the week, according to travel club AAA's daily fuel gauge report.
The nationwide average price for a gallon of regular unleaded hit $2.603, down about a penny from the record set Monday at $2.614, according to AAA, the largest U.S. motorist organization, formerly known as the American Automobile Association.
The average price for regular unleaded is still about 73 cents higher than it was a year ago.
When inflation is taken into account, the recent record setting streak that began a few weeks ago is still below the all-time high set during the Iranian revolution in the early 1980s when gas prices were the equivalent of $3 a gallon.
Moreover, some analysts forecast that prices will continue to ease as the summer driving season winds down.
But prices sliding by a few pennies is not enough to help many drivers, with some paying for gasoline on credit cards.
Others are taking more extreme measures to top off their tanks. (Click here for reader gas gripes.)
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Got a gas gripe? Click here or send us your story at gasprices@cnn.com.
Click here for some safe cars that save on gas.
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