http://money.cnn.com/2007/05/16/news...ex.htm?cnn=yes
Gas prices hit record for 4th day
AAA's average for a gallon of regular tops $3.10 for first time, the fourth daily record high in a row; more price rises seen.
NEW YORK (CNNMoney.com) -- Gasoline prices hit a record high for the fourth straight day Wednesday, according to AAA, and more records could be on the way.
The motorist group said the average price for a gallon of self-serve unleaded gasoline rose to $3.103 in its latest reading, which is based on a daily survey of purchases at up to 85,000 gas stations. That's up from Tuesday's record of $3.087 a gallon. Prices are now up 2.3 percent in just the last week and 8.6 percent over the last month.
Before Sunday's record, the highest price ever recorded in the survey was $3.057, which was set Sept. 4 and Sept. 5, 2005, after Hurricane Katrina disrupted refinery operations and pipelines and caused a spike in prices. But on Sunday prices topped that mark for the first time, hitting $3.064, followed by $3.073 on Monday.
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California had the highest average price, with a gallon of self-serve unleaded costing $3.474 in the latest survey, although that was off of Tuesday's reading of $3.478.
South Carolina had the cheapest gas, but it is also creeping toward the mark of $3 a gallon with an average price of $2.853, up from $2.838 on Tuesday. Thirty-three states and the District of Columbia now have average prices at or above $3 a gallon, with Kentucky, Florida and Maryland crossing that threshold in Wednesday's reading. Pennsylvania, at $2.992, and Massachusetts, at $2.986, are poised to be the next to join that group.
The Energy Information Administration's weekly survey of service station prices also found Monday a new record high of $3.10 a gallon for unleaded. That was up 5 cents from a week earlier and up 16 percent over year-ago levels.
And there's likely to be more price increases ahead, according to EIA chief Guy Caruso.