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 prices rebound after 5-day slide

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

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)

gas_fill_oil_fuel_car.03.jpg
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

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:
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More