By
Associated Press
.
Published: Fri, May 09, 2008 - 1:09 pm
Last Updated: Fri, May 09, 2008 - 1:15 pm
NEW YORK (AP) - The surge in the price of oil continues to pushgas prices higher.
A survey of stations by AAA and the Oil Price Information
Service finds that the price of a gallon of regular gas jumped 2.6
cents overnight to a record of $3.67.
The Energy Department expects prices to peak at a monthly
average of $3.73 in June, though many analysts say national average
prices could rise as high as $4.
Consumers in many regions, including parts of California and
Hawaii, are already paying that much.
According to AAA's daily fuel gauge report, the average price
for regular in Alabama rose almost three cents yesterday to $3.57 a
gallon.
Oil today rose above $126 a barrel for the first time.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To find the cheapest gas near you, click here.

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