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Prices resume push higher

National average rises to $4.075 a gallon after 3 straight days of declines.

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America's Money: Gas crunch hits home America's Money: Gas crunch hits home 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.

NEW YORK (CNNMoney.com) -- Gas prices have reversed course, heading moderately higher after falling for three consecutive days, according to a daily survey released Friday by motorist group AAA.

The national average price for a gallon of regular gasoline rose two-tenths of a cent to $4.075 from $4.073 the day before. That's an increase of 7% over last month's national average price and 36% higher than last year.

Retail gas prices had declined over the last few days after hitting an all-time high of $4.080 on Monday.

California has the highest gas prices, with an average per gallon price of $4.609, followed by Alaska at $4.511 and Connecticut at $4.379.

The state with the lowest gas prices is Oklahoma, where a gallon of gas averages $3.836.

The survey also showed the national average price of diesel fell to $4.786 a gallon from $4.791 the day before.

Meanwhile, crude oil prices rose in electronic trading early Friday to around $133 a barrel. Oil prices fell nearly $5 on Thursday after the Chinese government announced plans to raise gas and diesel prices.

Strong demand from China's booming economy has helped support crude prices. The decision to raise gas prices could undercut the developing nation's demand and impact global oil and gas prices.  To top of page

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Markets Last Change
Dow Jones 10,291.26 44.29 / 0.43%
Nasdaq 2,166.90 15.82 / 0.74%
S&P 500 1,098.51 5.50 / 0.50%
10-year Bond 101 6/32 Yield: 3.47%
U.S.Dollar 1 euro = $1.495 -0.003
November 11, 2009 12:00 AM ET
CompanyPrice% Change
Toll Brothers Inc 21.48 16.80%
Beazer Homes USA Inc 5.64 10.59%
Pulte Homes Inc 10.31 8.99%
Smithfield Foods Inc 17.03 8.96%
Nov 11 3:53pm ET †
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