The average price of self-serve regular gasoline has hit a record high of $3.18 per gallon.
According to the nationwide survey that was released on May 20 the increase is 11 cents over the past two weeks. Similarly the mid-grade gasoline costing $3.29, and premium cost $3.40 per gallon.
During the survey 7,000 gas stations were surveyed all over the country and it was found that the new figure is the highest cost of gas. Just two weeks back it was $3.07 and only $3.03 on Aug. 11, 2006. The latest price has also left the previous inflation-adjusted record of $3.15 per gallon in March 1981 behind.
All over the nation the lowest average price for regular fuel is $2.87 in Charleston, S.C., whereas the highest is in Chicago at $3.59 a gallon. In California the regular grade gasoline dropped 2 cents and is available at $3.41.
Source: msnbc
