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]