Gas Prices

Gasoline will hit a new record high price - perhaps as early as Tuesday - and experts say it will likely continue to soar in tandem with the skyrocketing price of crude.

The national average retail price for gas has already risen 26 cents in the last month, according to the motorist organization AAA. At $3.222 a gallon, it is less than a cent away from the all-time record.

And experts say motorists should prepare to pay nearly $4 a gallon - and in some places even more than that - before the price of gas finally comes down in the late spring as high prices crimp demand...

Oil, already trading near $90 a barrel on the back of strong global demand, took off in February as the economy worsened and the Federal Reserve cut interest rates with crude now spiking to record highs on a near-daily basis - settling at a record $107.90 on Monday.

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