Gas prices post 3rd straight record!
Gas prices post 3rd straight record
National average gas price sets all-time high of $4.092 a gallon. Alaska has the most expensive gas at $4.649 a gallon.
NEW YORK (CNNMoney.com) — Retail gas prices have risen to an all-time high for the third straight day, according to a survey from motorist group AAA.
The national average price for a gallon of regular gas rose five-tenths of a cent overnight to $4.092, the daily survey showed Wednesday. That tops the previous day’s record of $4.087 a gallon.
Gas prices are now about 3% higher than last month and 38.5% higher than year-ago levels.
Alaska has the highest gas prices. Drivers in the state pay an average of $4.649 a gallon for regular gas. California has the second-highest gas prices, averaging $4.578, followed by Hawaii at $4.446.
The lowest gas prices in the nation can be found in Oklahoma. The state has an average price of $3.878 a gallon.
The survey also showed that the national average price for diesel fuel rose to $4.767 from $4.762 the day before. Diesel prices are highest in Hawaii, where the average price is a whopping $5.347 a gallon.
Rising gas prices contributed to a sharp decline in June auto sales. Unadjusted sales fell 18%, far worse than the 12% decline forecast by sales tracker Edmunds.com,
Despite the rising popularity of fuel-efficient cars, sales of fuel sippers fell in June, as many automakers were unable to keep up with rising demand for small cars.
With gas prices climbing higher and higher, it looks like a good time to try something like hypermiling to get better gas milage.