NEW YORK -- Gasoline prices have dipped slightly for the first time in more than two weeks even though oil futures rose sharply.

AAA and the Oil Price Information Service said Friday regular gas fell one-tenth of one cent overnight to an average $3.62 a gallon. Diesel prices slid two-tenths of a cent. It's the first time in 18 days they haven't set a new record.

One expert with the Oil Price Information Service said he thinks we may soon see the peak. Fred Rozell said regular gas may reach an average $3.70 a gallon, but he doesn't expect it to go any higher.

The apparent reason for the dip in gas prices is less demand as people cut back. Oil futures, meanwhile, jumped more than $3 a barrel Friday to finish the day at slightly more than $116.

As soaring gas prices put vacation plans on hold, one hotel chain is hoping to lure guests with gas rebates.

The promotion by Loews Hotels promises to reimburse guests for up to $50 of their hotel bill. The deal is part of the hotel's "Money for Miles" package, which includes a one-night stay at its Coronado Bay Resort in San Diego.

Included in the package is a list of the area's cheapest gas stations.

Record gas prices, along with the rising cost of food staples, have left businesses struggling to get consumers to spend.

On Wednesday, the Commerce Department said consumer spending rose at just a 1 percent in the first quarter, the slowest pace since the second quarter of 2001. Shoppers cut spending on such things as cars, furniture, household appliances, food and clothes.