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

Gas hits 7th straight record high

The price for a gallon of gas sets new all-time high at $3.758, according to AAA.

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Last Updated: May 14, 2008: 6:18 AM EDT

Photos

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.

View photos

NEW YORK (CNNMoney.com) -- Retail gas prices hit record highs for the seventh day in a row, auto group AAA's Web site showed Wednesday.

The nationwide average for a gallon of regular unleaded hit $3.758, up 2 and six-tenths of a cent from the previous day's high of $3.732.

Gas prices have now risen for eight straight days. The pinch on consumers at the pump comes just ahead of the summer driving season.

The AAA national average shows gas prices up more than 11% over the past month and up nearly 22% from year-ago levels.

Retail gas prices have been pushed up by crude oil prices, which have doubled in the last 12 months.

First Published: May 14, 2008: 6:10 AM EDT

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Markets	Last	Change
Dow Jones	11,370.69	21.41 / 0.19%
Nasdaq	2,310.53	30.42 / 1.33%
S&P 500	1,257.76	5.22 / 0.42%
10-year Bond	98 6/32	Yield: 4.09%
U.S.Dollar	1 euro = $1.569	0.002

July 25, 2008 12:00 AM ET

Company	Price	% Change
Yrc Worldwide Inc	17.29	-14.79%
Regions Financial Corp New	9.03	-11.17%
Eastman Chemical Company	59.95	-9.69%
Reliance Steel & Aluminum Co	62.62	9.46%

Jul 25 3:56pm ET †

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