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Price Of Gas Continues To Rise Save Email Print
Posted: 10:54 AM May 9, 2008
Last Updated: 10:54 AM May 9, 2008

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NEW YORK (AP) -- The surge in the price of oil continues to push gas prices higher.

A survey of stations by AAA and the Oil Price Information Service finds that the price of a gallon of regular gas jumped 2.6 cents overnight to a record of $3.67.

The Energy Department expects prices to peak at a monthly average of $3.73 in June, though many analysts say national average prices could rise as high as $4. Consumers in many regions, including parts of California and Hawaii, are already paying that much.

Oil today rose above $126 a barrel for the first time.

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