...Gas prices reach new record high -- $3.718 a gallon

http://money.cnn.com/2008/05/12/news/economy/gas_prices/?postversion=2008051206

May 12, 2008

Gas prices hit 5th straight record

The price for a gallon of gas sets a new record high at $3.718,
according to AAA.


NEW YORK (CNNMoney.com) -- 

Retail gasoline prices increased for the sixth straight day and hit
their fifth consecutive record, auto group AAA's Web site showed
Monday.

The national average price for a gallon of regular unleaded gasoline
rose to a new all-time high of $3.718, up 1 and one-tenth of a cent
from the previous day.

Drivers now pay 21% more for a gallon of gas than they did a year ago,
when a gallon of gas cost on average $3.064, according to AAA.

Consumers have been pinched at the pump as the price of a barrel of
crude oil has doubled in the past year.

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Harry