Monday, May 26, 2008

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The price of gasoline rose for the 20th straight day to less than a dime shy of $4, motorist organization AAA reported Monday.

According to AAA, the national average price for a gallon of regular gas rose to a record high of $3.936, up six-tenths of a cent from the previous high of $3.930.

What a difference a year makes: Last Memorial Day weekend, drivers paid an average of $3.23 a gallon.

Indeed, as gas prices have surged, some drivers have pulled back.

The U.S. Federal Highway Administration said Monday it estimates that Americans drove 4.3% fewer miles on public roads in March. The change - the first year-over-year March decline since 1979 - continues an overall drop in driving that began last November, the agency said.