Average Gas Price at Record $2.29/gal

The average U.S. retail gasoline price rose 19 cents over the past three weeks to a fresh record high just below $2.29 a gallon, an industry analyst said on Sunday.

But the price that U.S. motorists pay for gasoline at the pump may be peaking, Lundberg survey editor Trilby Lundberg said, because gas prices have caught up with recently skyrocketing crude oil prices, which slid in the past week.