US gas prices hit an average $5 per gallon for first time, setting the 31st record in 33 days
This is the highest recorded average price for a gallon of gas, according to AAA's website tracking data, and marks the 15th straight day of a new record high. On Friday, the national average for regular gasoline rose to a record of $4.99 a gallon. Just one year ago, the national average stood at $3.077 per gallon, according to AAA. How high the average gas price will goAdjusted for inflation, however, gas prices are not at record highs.
Read MoreCalifornia remains the most expensive state in America for gasoline, according to AAA, with an average price of $6.43 a gallon for regular, up from $5.85 a month ago. Diesel fuel prices are also in unprecedented territory. The national average for diesel rose to $5.765 a gallon, up roughly 15 cents in the past week, per AAA.
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