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Gas prices strike all-time high

Average price of regular unleaded rises to record $3.287 a gallon, according to AAA survey.

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NEW YORK (CNNMoney.com) -- Average gasoline prices have hit another all-time high, according to a survey conducted for motorist organization AAA.

The average price of regular rose to $3.287 a gallon, up from $3.286 the previous day, according to the AAA Web site.

The price averaged $3.165 a month ago. A year ago, American drivers were paying $2.673, according to AAA.

Motorists in Hawaii paid the most for gas, averaging $3.647 a gallon. New Jersey drivers paid the least, with a statewide average of $3.045 a gallon, according to the survey.

Analysts say surging crude prices are largely to blame for pricey gas. Crude topped $100 a barrel in early 2008, and has traded above $100 for most of the year.

While gasoline prices have hit record highs well before the start of the summer driving season, most analysts expect prices to peak relatively early - somewhere between $3.30 and $3.80 a gallon - and then decline during the second half of the spring as a slowing economy crimps demand.

The AAA survey, updated daily, tracks prices at roughly 80,000 service stations across the country. It is conducted for the group by Oil Price Information Service. To top of page

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