Monday, March 24, 2008

Gas Prices at All-Time High

Gas prices surged nearly 7 cents over the past two weeks to reach an all-time inflation-adjusted high of $3.26 per gallon of self-serve regular, a national survey said Sunday.

The previous inflation-adjusted record occurred last May 18, when the price was $3.24 in current dollars.

The Lundberg Survey, carried out Friday, tallied prices at about 5,000 gas stations.
Despite the record price, seasonal demand is growing, said Publisher Trilby Lundberg.

read the CNN story

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