Gas prices rebound after 5-day slide
Retail prices at the pump move back toward all-time high, according to AAA.
 |
| 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. 
Features
-
The house on Hawaii's big island should fetch near $12 million. More -
Small automakers are beating the Big 3 in the race for sweet new rides. More -
Lauren Bush's FEED project lands her on Fortune's Most Powerful Women Entrepreneurs list. More -
Production is starting on the world's most luxe ocean liner: The Utopia. More -
The Becerras spoiled themselves with a puppy. Here's what 6 other readers are indulging on. More -
Rich nations want others to cut greenhouse gases. Who pollutes the most? More
