Another new high for gas prices

Friday, July 4, 2008

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Thirty-one percent of Americans have canceled or shortened their planned holiday weekend vacation because of rising gas prices, according to a poll.

(CNNMoney.com) -- The high cost of gas is one thing Americans won't be celebrating on July 4.

Retail gas prices in the U.S. rose overnight to a record high for the fifth straight day, a daily survey by auto club AAA showed Friday.

The national average price for a gallon of regular gas rose to an all-time high of $4.101, up from $4.098 the previous day.

Gas prices have surged 39 percent in the last year and are up about 3 percent in the last month.

Alaska has the highest gas prices in the nation. Drivers in the state pay an average of $4.623 a gallon for regular gas.
The state with the lowest gas prices is Oklahoma, where a gallon of gas costs $3.901 on average.

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The national average price for diesel fuel ticked higher to $4.769 a gallon, up from $4.767 the day before.

Record high gas prices have pinched consumers and forced many Americans to cut back on the amount of driving they do.

Thirty-one percent of Americans have canceled or shortened their planned holiday weekend vacation because of rising gas prices, according to a CNN poll.

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Another new high for gas prices

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