Gas Price at 2nd Highest Level Ever

The average price U.S. consumers pay to fill their cars with gasoline climbed to second highest level ever, and is less than a penny from the all-time record, the government said on Monday.

Yahoo News
The average price U.S. consumers pay to fill their cars with gasoline climbed to second highest level ever, and is less than a penny from the all-time record, the government said on Monday.

The national pump price for regular unleaded gasoline increased 5.7 cents over the last week to an average $2.056 a gallon, up 33 cents from a year ago, according to a survey of service stations by the U.S. Energy Information Administration.

The current record gasoline price is $2.064 a gallon set last May. The EIA has forecast the pump price will rise above $2.15 a gallon later this spring. When adjusted for inflation, gasoline cost the most in March 1981 at $3.08 a gallon, according to the agency.

Truckers are suffering too as the price for diesel fuel increased 2.6 cents to $2.194 a gallon this week, up 58 cents from a year ago and the third highest diesel price on record.