Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Gas prices post 3rd straight record

National average gas price sets all-time high of $4.092 a gallon. Alaska has the most expensive gas at $4.649 a gallon.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

When it comes to investing my money, I most trust:
  • Myself
  • A family member
  • A certified financial planner
  • "Issue #1" host Ali Velshi

NEW YORK (CNNMoney.com) -- Retail gas prices have risen to an all-time high for the third straight day, according to a survey from motorist group AAA.

The national average price for a gallon of regular gas rose five-tenths of a cent overnight to $4.092, the daily survey showed Wednesday. That tops the previous day's record of $4.087 a gallon.

Gas prices are now about 3% higher than last month and 38.5% higher than year-ago levels.

Alaska has the highest gas prices. Drivers in the state pay an average of $4.649 a gallon for regular gas. California has the second-highest gas prices, averaging $4.578, followed by Hawaii at $4.446.

The lowest gas prices in the nation can be found in Oklahoma. The state has an average price of $3.878 a gallon.

The survey also showed that the national average price for diesel fuel rose to $4.767 from $4.762 the day before. Diesel prices are highest in Hawaii, where the average price is a whopping $5.347 a gallon.

Rising gas prices contributed to a sharp decline in June auto sales. Unadjusted sales fell 18%, far worse than the 12% decline forecast by sales tracker Edmunds.com,

Despite the rising popularity of fuel-efficient cars, sales of fuel sippers fell in June, as many automakers were unable to keep up with rising demand for small cars.  To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
Best places to retire abroad in 2017 The top 10 places to retire overseas include beautiful beaches, cozy towns, and the best food you will ever eat -- all for half the cost of what you may pay in the U.S. More
Best business class airline lounges around the world Between August 2015 and May 2016, Skytrax surveyed over 19.2 million customers to find the best airline lounges. Here is what they found. More
What Boeing's new 737 Max 9 has under the hood Boeing unveiled its new, longer 737 Max 9 airliner earlier this month, the second member of the updated single-aisle jet family. The first aircraft will deliver to airlines starting in 2018. More