Gas Prices Soar

More sticker shock at the pump -- gasoline has hit another record high.

The nationwide Lundberg Survey finds the average price of self-serve regular gasoline his now three dollars, 18 cents a gallon. That's up more than eleven cents from the last survey two weeks ago.

The latest price beats the previous inflation-adjusted record of three-15 per gallon in March 1981.

Nationwide, the lowest average price for regular fuel is two-87 in Charleston, South Carolina, and the highest was in Chicago at three-59. The average price in North Carolina is three dollars, 14 cents per gallon.

Oil prices continue to rise on concerns that U-S refiners aren't producing enough gasoline to meet peak summer demand. The summer driving season begins this weekend with the Memorial Day holiday.


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