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Gasoline prices hit record highs
AAA says diesel also climbs on back of soaring crude futures; prices in California are the highest.
August 11, 2005: 1:01 PM EDT

NEW YORK (CNN/Money) - Average retail prices for gasoline and diesel climbed to record levels Thursday, according to travel club AAA's daily fuel gauge report.

The average price of a gallon of regular unleaded gas rose to $2.397, according to AAA, the largest U.S. motorist organization formerly known as the American Automobile Association.

On average, gas prices are highest in California at $2.698 for a gallon of regular unleaded; they are the lowest in South Carolina at $2.233.

Retail diesel, meanwhile, averaged $2.486 a gallon, 64 cents higher than the year-ago average.

AAA's report came on the heels of Wednesday's Energy Information Administration report that showed another fall in gasoline inventories in the world's biggest consumer.

U.S. crude futures prices also rose to an all-time high of $66 a barrel Thursday morning. (Full story.)


Relief from high fuel prices may be just around the corner, but will it come soon enough? Click here for more.  Top of page


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