Gas prices rise to another record
AAA survey shows fuel prices at another all-time high as crude tops $110 a barrel; California drivers pay the most.
NEW YORK (CNNMoney.com) -- The price of gasoline rose to yet another record high Thursday, according to the closely watched survey conducted for the motorist group AAA.
The average price of regular rose overnight to $3.267 a gallon, according to AAA's Web site. That's more than 2 cents higher than Wednesday's record and was the third all-time high hit in as many days.
Regular was $2.961 on average at this time last month and $2.545 a year ago.
California and Hawaii again had to pay the most at the pump, averaging $3.61 and $3.59 respectively for a gallon of gas. New Jersey and Missouri drivers found gas prices to be more than 16% cheaper, paying $3.03 and $3.06 a gallon respectively.
When adjusted for inflation, gas prices are still below their peak. The record on that basis was $3.405 and set in March 1981, according to the Energy Information Administration.