Gas prices just shy of record
Average price in AAA survey resumes push to $4 a gallon, backed by surge in crude.
NEW YORK (CNNMoney.com) -- Gasoline prices as measured in the daily AAA survey resumed their drive toward $4 a gallon Saturday, rising to just below the record level after a one-day retreat.
The national average price for regular unleaded gasoline rose 0.2 cent to $3.988 a gallon, 0.1 cent shy of the record $3.989 set Thursday, according to the motorist group's Web site.
The average is expected to top $4 in the next few days, after a surge in crude oil prices that has added more than $16 to a barrel of oil since Wednesday. Crude settled at a record $138.54 a barrel Friday, up by $10.75, after setting an all-time intraday high of $139.12.
The $10.75 gain was the biggest one-day advance in dollar value ever, nearly doubling the previous mark of $5.49 set Thursday.
Weakness in the dollar, geopolitical concerns and an analyst's prediction of $150-a-barrel oil by July 4 helped spur Friday's advance.
California pays the most for gasoline, according to the survey, averaging $4.415, followed by Alaska at $4.288. The average price is $4 a gallon or more in 13 states and the District of Columbia; on Saturday, Maine became the 13th state to join the list.
Missouri has the lowest average price at $3.784, followed by South Carolina at $3.788.
Gasoline prices in the survey have risen for 30 of the past 32 days, setting records on 28 of those days. The price fell 0.3 cent Friday.