Richard Tafoya
Apr 17th, 2007, 08:03 PM
ABC News:
http://abcnews.go.com/Business/PersonalFinance/story?id=3046751
For the 11th straight week, gas prices have inched up and are now nearing record highs.
The U.S. Energy Department said that the average gallon of regular unleaded is now selling for $2.88, up 7 cents from last week.
That's just 19 cents short of the record high of $3.07, not adjusted for inflation, set in September 2005.
Americans have not seen prices this high since late August of last year, when gas hit $2.92 a gallon. But that was at the height of the summer driving season.
Right now, average prices are 3 percent higher than they were at this time last year.
Those living in the Gulf Coast pay the least, at $2.76 a gallon, while — as usual — California residents pay the most, at $3.31 a gallon.
A new ABC News/Washington Post poll found that 67 percent of Americans say gasoline prices are causing financial hardship in their households — up 10 points from May 2006, and the second-highest in polls going back to early 2000.
http://abcnews.go.com/Business/PersonalFinance/story?id=3046751
For the 11th straight week, gas prices have inched up and are now nearing record highs.
The U.S. Energy Department said that the average gallon of regular unleaded is now selling for $2.88, up 7 cents from last week.
That's just 19 cents short of the record high of $3.07, not adjusted for inflation, set in September 2005.
Americans have not seen prices this high since late August of last year, when gas hit $2.92 a gallon. But that was at the height of the summer driving season.
Right now, average prices are 3 percent higher than they were at this time last year.
Those living in the Gulf Coast pay the least, at $2.76 a gallon, while — as usual — California residents pay the most, at $3.31 a gallon.
A new ABC News/Washington Post poll found that 67 percent of Americans say gasoline prices are causing financial hardship in their households — up 10 points from May 2006, and the second-highest in polls going back to early 2000.