Retail Gasoline Prices Hit All-Time High, AAA Says

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Monday May 7 9:39 AM ET Retail Gasoline Prices Hit All-Time High, AAA Says

NEW YORK (Reuters) - U.S. retail gasoline prices hit an all-time high Monday due to low spare supplies ahead of peak summer driving season, the American Automobile Association (AAA) said.

The average retail price for regular gasoline jumped to $1.68 a gallon, 3 cents a gallon higher than the record reached last summer, according to AAA's survey of more than 60,000 service stations.

The highest prices were in California and the Midwest, where strict environmental regulations and refinery problems have cut into supply, the survey showed.

The AAA, a motorist association with more than 42 million members, said the record prices show a need for a better national energy policy and the suspension of some cleaner-burning fuel regulations in the case of fuel shortages this summer. http://dailynews.yahoo.com/htx/nm/20010507/ts/energy_gasoline_retail_dc_1.html

-- Carl Jenkins (smewherepress@aol.com), May 07, 2001

Answers

And we're still three weeks away from Memorial Day, purportedly the beginning of the gas price rise season.

My oh my oh my.

-- QMan (qman@c-zone.net), May 07, 2001.


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