Monday, May 14, 2007

Gas prices hit record high

U.S. retail gasoline prices hit record high: AAA (Reuters)

Cynthia Gallant fills up her car with gasoline in Berkeley, California, January 24, 2007. U.S. gasoline prices climbed to a record high average of $3.073 a gallon on Monday, breaking the previous peak hit after hurricanes knocked out refineries on the Gulf Coast in 2005, travel and auto group AAA said. (Kimberly White/Reuters)Reuters - American motorists are paying record-high prices at the gas pumps in the run-up to summer vacation season as operating problems at the nation's oil refineries cut deeply into fuel stockpiles, travel and auto group AAA said on Monday.


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