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Gas prices set record: 1,000 days above $3 a gallon

Posted By admin On September 18, 2013 @ 4:17 am In Money Watch | Comments Disabled

Chris Woodyard and Gary Strauss
USA Today [1]
September 18, 2013

By now every driver knows the drill: The price of gasoline ratchets up, there’s an outcry among motorists who feel gouged at the pump and then things settle down as the higher price becomes the new normal.

Well, AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day. That’s never happened before, the motoring organization says.

In case you’re wondering, the current streak began on Dec. 23, 2010. Today, the national average for a gallon of regular is $3.52, according to AAA’s daily price tracking service. That’s a nickel a gallon less than the average so far this year. And unless there’s another recession, AAA forecasts that a price floor of $3 a gallon is basically here to stay.

Full article here [1]


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[1] USA Today: http://www.cnbc.com/id/101039695

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