time drivers

Gas hits national average of $4 for first time

Topix - Business News  Sun, 06/08/2008 - 12:09

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.

Gas is expected to keep climbing, putting greater pressure on consumers and businesses, because the price of oil is soaring in futures markets.

Light, sweet crude shot up nearly $11 a barrel Friday and approached $140 for the first time.


 

Gas hits national average of $4 for first time

Newsvine - business  Sun, 06/08/2008 - 08:03

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.