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Page added on July 10, 2005

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Gas Prices Rise to Record of $2.31 – Survey

U.S. average retail gasoline prices surged over the past two weeks to a record high, boosted by high crude oil prices and healthy demand, and prices could rise further should U.S. production be hurt by Hurricane Dennis, an industry analyst said on Sunday.

The national average for self-serve regular unleaded gas was nearly $2.31 a gallon on March 18, up about 9.59 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 7,000 gas stations.

This beats the previous all-time high of April 8 of $2.29 by almost 2 cents.
ABC News



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