Gas, oil prices continue their rise
The Associated Press
NEW YORK -- Gas prices jumped nearly 3 cents overnight to a national record of nearly $3.65 a gallon Thursday. Oil prices rose slightly to a record close after a day of back-and-forth trading.
At the pump, the average price of a gallon of regular gas nationwide rose 2.7 cents to a record $3.645, according to a survey of stations by AAA and the Oil Price Information Service. Diesel prices, too, tied a record national average of $4.251 a gallon.
Gas prices tend to lag oil futures, and with crude rising to a record $123.69 a barrel Wednesday and likely headed higher, it's expected that the average price of gas will soon rise as high as $4.
