Gas Price Record Reaches $4 a Gallon

The national average gas price for a gallon of “regular unleaded rose 1.7 cents to $4.005, according the daily measure on the AAA’s Web site.

That surpassed the previous record of $3.989 set Thursday.

The milestone was expected after a surge in crude oil prices added more than $16 to a barrel of oil over the last 2 trading days. Crude settled at a record $138.54 a barrel Friday, up by $10.75, after setting an all-time intraday high of $139.12.

CNN reports that in a statement on Friday, “AAA urged gasoline station owners not to overreact to the single-day oil spike.”

Consumers should not be overcharged for gasoline simply because the oil markets reacted so strongly to today’s news,” AAA said.

Putting perspective on the ever rising coast of gas, CNN notes that “so far this year, crude prices have increased more than 40%.” That’s right… 40% in just over 5 months.  

The AAA survery shows that the average price per gallon “is $4 a gallon or more in 14 states and the District of Columbia.” 

California pays the most for gasoline, averaging $4.436, with Alaska and Connecticut both at $4.296. Other states above $4 are Hawaii, Illinois, Massachusetts, Maine, Michigan, Nevada, New York, Oregon, Rhode Island, Washington and West Virginia.

Last Tuesday I saw that the price per gallon had risen to $4.43 at my local stations here in Los Angeles. This Wednesday, I leave for a 2 day trip to northern California to bring my daughter home for summer, from her first year in college. Needless to say, I dread receiving my gas card bill after the trip.  

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3 Responses to Gas Price Record Reaches $4 a Gallon

  1. john stone says:

    More increases in gasoline prices. Thanks George and Dick! These gas prices are destroying peolple. Everyone vote a straight Democratic ticket from Obama on down to all Federal, State and County offices!

  2. This joint presidency of King George and Heartless Dick (how can he have heart problems?) will go down as perhaps the worst administration in our history. Torture in Guantannamo, illlegal wiretapping, secret Europian prisons, Iraq lies, home foreclosures, disregard for care of Vets, record gas prices –etc etc–all beg the question as to why these two have not been impeached!!!
    Why has this President (monarch) been given a blank check to do as he wants for eight years? Bill Clinton had an affair with an intern and they tried to impeach him. (knowing full well that his moral indiscretion was not impeachable). This clown, however, can do anything he wants. “The Decider” has efffectively destroyed our three branch balance of powers.
    It is imperative that all American’s are educated, before November, that a vote for McCain will be like authorizing a third George Bush presidential term. Hopefully they will realize, before it’s too late, that McCain is actually “McBush!!” Buzz

  3. Kat says:

    Try checking out the Drive $marter Challenge (www.drivesmarterchallenge.org). You can enter your specific vehicle data and figure out how much money you can save my taking six fuel-efficiency steps. They also provide other fuel-efficiency tips to help you save on gas costs.