CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts

Gas hits fresh record ahead of July 4

National average gas price climbs to $4.098 a gallon as drivers gear up for one of the biggest driving days of the year.

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)

How secure do you feel in your job?
  • Very
  • Not at all
  • Somewhat
  • I am unemployed
Photos
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) -- Retail gas prices rose overnight to a record high for the fourth day in a row, ahead of the July 4 holiday weekend - one of the nation's busiest weekends for travel.

The national average price for a gallon of regular gas rose to an all-time high of $4.098 from $4.092 the day before, a daily survey by motorist group AAA showed Thursday.

Gas prices are now 3% higher than they were last month and nearly 39% higher, or almost $1.15 more, than year-ago levels.

Alaska has the highest gas prices in the nation. Drivers in the state pay an average of $4.689 a gallon for regular gas. California and Hawaii have the second and third-highest average gas prices, at $4.574 and $4.441, respectively.

The state with the lowest gas prices is Oklahoma, where a gallon of gas averages $3.885.

The survey also showed that the national average price for diesel fuel held steady at $4.767 a gallon.

Record high gas prices have pinched consumers and forced many Americans to cut back on the amount of driving they do.

Thirty-one percent of Americans have canceled or shortened their planned holiday weekend vacation because of rising gas prices, according to a CNN/Opinion Research poll released Wednesday.

And last week, AAA said it expects the number of Americans traveling during the July 4 holiday weekend will fall 1.3% to 40.45 million from the 41 million who traveled last year.

Meanwhile, the price for a barrel of oil also rose to a new high, crossing $145 a barrel in electronic trading Thursday.  To top of page

Features
Markets Last Change
Dow Jones 10,466.44 1.51 / 0.01%
Nasdaq 2,269.64 16.97 / 0.75%
S&P 500 1,120.59 2.57 / 0.23%
10-year Bond 96 30/32 Yield: 3.74%
U.S.Dollar 1 euro = $1.437 0.004
December 23, 2009 12:00 AM ET
CompanyPrice% Change
YRC Worldwide Inc 1.03 -9.65%
Gannett Co Inc 15.44 7.15%
Chiquita Brands International Inc 17.78 6.34%
Micron Technology Inc 9.93 5.53%
Dec 23 3:53pm ET †
Biggest losers: Where Americans aren't moving Through most of the decade Florida was one of the fastest growing states. But the sunny clime -- and 6 others -- lost more residents than they gained in the year ended July 1. More
8 hot cars: Class of 2000 In just 10 years, the market's changed a lot when it comes to cars. Where are these models now? The Prius became a hit; the Aztek got killed. More
Obama's Main Street favorites President Obama meets often with small business owners, peppering his speeches with their stories. We checked in with 6 entrepreneurs touted by the President to find out how they handle health care. More


© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.