Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Gas Crunch Special report:
Gas Crunch +Full coverage

Gas prices sustain record run

Motorist group survey shows average fuel prices at another all-time high; West coast drivers pay the most.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

NEW YORK (CNNMoney.com) -- The nationwide average price of gasoline set another record Friday, according to the closely watched survey conducted for the motorist group AAA.

The average price of regular rose overnight to $3.28 a gallon, according to AAA's Web site. That's more than a cent higher than Thursday's record and was the fourth all-time high hit in as many days.

Regular was $2.972 on average at this time last month and $2.549 a year ago.

Drivers in states in the western part of the country shelled out the most at the pump, led by California's average of $3.62 for a gallon of gas. Alaska, Oregon, Washington, and Hawaii all had to pay over $3.40 a gallon.

New Jersey still led the nation with the cheapest gasoline, with drivers paying $3.04 a gallon on average. Wyoming and Missouri residents also pay less than $3.10 a gallon.

But 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.

The fuel price survey was conducted for AAA by Oil Price Information Service. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
Best-loved new cars of 2016 These cars are the most beloved among American drivers based on JD Power's annual survey of new vehicle buyers. More
This Indian university cranks out top-tier tech execs Many graduates from the Indian Institute of Technology have gone on to start and lead global tech companies. Here are a few of the most notable alums. More
Most valuable American car up for auction Carroll Shelby's own very first Shelby Cobra will be sold in August. It's almost certain to be the most valuable American car ever sold. More