Complete Coverage Special Report Issue #1: America's Money - This week on CNN

Gas strikes 6th straight record high

The price for a gallon of gas sets new all-time high at $3.732, according to AAA.

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Last Updated: May 13, 2008: 4:58 AM EDT

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America's Money: Gas crunch hits home

The record-high price of gasoline is putting a strain on motorists - and spurring some to shift their habits. Here are their stories.

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NEW YORK (CNNMoney.com) -- Retail gas prices hit record highs for the sixth straight day, auto group AAA's Web site showed Tuesday.

The latest reading from AAA showed that the nationwide average for a gallon of regular unleaded hit $3.732, up from $3.718 the previous day.

Gas prices have now increased for seven straight days. The climb comes ahead of the Memorial Day holiday and start of the summer driving season.

The AAA national average shows gas prices up nearly 11% over the past month and up 21% from year-ago levels.

The surge in gas prices comes on the back of climbing crude prices, which have doubled in the last 12 months.

First Published: May 13, 2008: 4:53 AM EDT

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Markets	Last	Change
Dow Jones	11,349.28	-283.10 / -2.43%
Nasdaq	2,280.11	-45.77 / -1.97%
S&P 500	1,252.54	-29.65 / -2.31%
10-year Bond	98 17/32	Yield: 4.00%
U.S.Dollar	1 euro = $1.569	0.001

July 24, 2008 4:04 PM ET

Company	Price	% Change
Ual Corp	6.89	-26.31%
The Ryland Group, Inc	20.64	-22.11%
Washington Mutual Inc	3.71	-20.14%
Lennar Corporation	11.06	-18.32%

Jul 24 3:56pm ET †

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