Gas Prices Hit Fifth Straight Record

The price for a gallon of gas sets a new record high at $3.718, according to auto group AAA.

NEW YORK — Retail gasoline prices increased for the sixth straight day and hit their fifth consecutive record, auto group AAA's Web site showed Monday.

The national average price for a gallon of regular unleaded gasoline rose to a new all-time high of $3.718, up 1 and one-tenth of a cent from the previous day.

Crude prices, meanwhile, tumbled on the stronger dollar.

Drivers now pay 21% more for a gallon of gas than they did a year ago, when a gallon of gas cost on average $3.064, according to AAA.

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Source: CNN.com