Gas hits national average of $4 for first time (AP)

Courtesy Ytop stories  Sun, 06/08/2008 - 8:12am

Self-serve regular gasoline is advertised at one-tenth of one cent less than $5.00 per gallon, with mid-grade and premium well over that mark, at a filling station in Arcadia, Calif., Friday, June 6, 2008.<br /><br />Oil prices shot up more than $11 to a new record above $139 per barrel of crude after Morgan Stanley predicted prices would hit $150 by July 4.<br /><br />(AP Photo/Mark J. Terrill)AP - Drivers are paying an average of $4 for a gallon of gasoline for the first time.

AAA and the Oil Price Information Service say the national average price for a gallon of regular gas rose to $4.005 overnight from $3.988.

But consumers in many parts of the country have already been paying well above that price for some time.




 

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