Gas prices rebound after 5-day slide

Retail prices at the pump move back toward all-time high, according to AAA.

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Rising gas prices have been pinching consumers.

NEW YORK (CNNMoney.com) -- Retail gasoline prices rebounded after falling for five straight days, auto group AAA's Web site showed Wednesday.

The national average price for a gallon of regular unleaded gasoline rose to $3.618, up eight-tenths of a cent from the previous day.

Gas prices have been marching steadily higher since the start of the year. The price at the pump rose to an all-time high of $3.623 a gallon May 1.

Drivers are now paying 19% more than what they were last year, when a gallon of gas cost on average $3.035.

The price of gas has been pushed up by the record crude prices. Crude futures hit a record trading high of $122.73 a barrel in electronic trading on Tuesday.  To top of page

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