Paying At The Pump

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

It’s official:

Gasoline prices hit a record high for the fourth straight day Wednesday, according to the daily reading on gas prices from AAA, and more records could be on the way.

The motorist group says the average price for a gallon of self-serve unleaded gasoline was $3.103 in its latest reading, which is based on a daily survey of purchases at up to 85,000 gas stations. That’s up from Tuesday’s record of $3.087 a gallon, and up 2.3 percent in just the last week and 8.6 percent over the last month.

Before Sunday’s record, the highest price ever recorded in the survey was $3.057, which was set Sept. 4 and Sept. 5, 2005, in the wake of Hurricane Katrina, which disrupted refinery operations and pipelines and caused a temporary spike in prices. But on Sunday prices topped that mark for the first time, hitting $3.064, followed by $3.073 on Monday.