NEW YORK (AP) -- Your wallet isn't getting a break at the gas pumps.
The price of gasoline has hit another record. According to a survey by AAA and the Oil Price Information Service, the national average price of a gallon of regular has risen a little more than a penny since Tuesday.
It is now a record $3.34 a gallon.
Prices that are 55 cents higher than a year ago are hurting demand for gasoline. The government says demand fell last week by nearly 2 percent from year-earlier levels.
The Energy Information Administration also says crude oil supplies fell by a surprising 3.2 million barrels last week. Analysts had expected an increase.
That sent light, sweet crude for May up more than 3 dollars, to a record 111.55 on the New York Mercantile Exchange.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.