Retail Gas Prices Hit Record, $4 A Gallon Coming

AAA says that U.S. gasoline prices hit a record on Tuesday and will probably keep climbing into the summer, according to Reuters.

Average regular gasoline prices touched an all-time high of $3.227 per gallon, up 27 cents in a month and surpassing the previous peak hit in May 2007, AAA said in its daily survey of more than 85,000 self-serve filling stations.

The travel group said it expected pump prices to rise further in the coming months, breaking above $4 a gallon in some areas by summer, when road travel typically peaks.

Are you prepared for $4 a gallon gas this summer?

Retail gasoline price hits record: AAA [Reuters]
(Photo:REUTERS/Mario Anzuoni)

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