June 08, 2008

National Average Gas Price Tops $4.00 Per Gallon

The big story for the day seems to be the fact that the average gasoline price has for the first time tops $4.00 per gallon.

Regular unleaded gas touched $4.005 per gallon, up from $3.988 Saturday and $3.105 a year ago, according to the American Automobile Association Fuel Gauge Report. The figure represented a national average, with many gas stations having long raised their prices above the $4 level.

For owners of flex fuel vehicles, the outlook isn't quite as bad though. According to the Ethanol Promotion and Information COunsil (EPIC), the weekly national average price for E85 is $3.20 per gallon.

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