Drivers Gouged; Gas Prices Hit New Record
Gas Prices Follow Oil Futures Higher
Monday, April 28, 2008 – updated: 4:30 pm PDT April 28, 2008
The national average price Americans pay to gas up rose 0.4 cent overnight to a record $3.603 a gallon, according to a survey of stations by AAA and the Oil Price Information Service.While prices are 66 cents higher than a year ago, their rate of increase has slowed some since last week, when prices jumped more than 2 cents a day several times.Nationally, AAA said, gas was up Monday from $3.28 a month ago and $2.94 a year ago.Diesel fuel was averaging $4.24 a gallon nationally. Gas prices are rising in part because refiners are making the seasonal switch-over from making winter-grade gasoline to the more expensive, but less polluting, fuel they must sell during the summer. Supplies tend to fall while refiners are doing this as they try to sell off all of their winter gasoline.Oil prices hit a record $119.93 a barrel on Monday after a weekend refinery strike closed a pipeline system that delivers a third of Britain's North Sea oil to refineries in the U.K.
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.













Click here to WIN prizes!
Discover Fantastic Close-to-Home Destinations!
Choose Wisely When Picking Tax Preparer
Do You Know What Alcohol Dependence Is?
Inappropriate Wedding Songs
Test Drive Green Car Of Year Finalists
Find Local New And Used Cars
Tame Your Credit Card Interest Today


