| U.S. retail gasoline prices hit a record | | | | The latest EIA pump price also equals |
| high for the second week in a row and | | | | the all-time high fuel cost of $3.22 a |
| matched the inflation-adjusted peak | | | | gallon, when adjusted for inflation, |
| reached in the early 1980s during the | | | | reached in March 1981 after war erupted |
| Iran-Iraq war, the government said on | | | | between Iran and Iraq. |
| Monday, as concern about low motor fuel | | | | Gasoline prices have skyrocketed $1.05 a |
| supplies pushed up pump costs. | | | | gallon since the beginning of February |
| The average price for regular unleaded | | | | and are up 33 cents from a year ago. |
| gasoline soared 11.5 cents over the last | | | | With several large refineries down this |
| week to a fresh record of $3.22 a | | | | spring for maintenance or shut by |
| gallon, according to the federal Energy | | | | problems, gasoline production has been |
| Information Administration's nationwide | | | | reduced, cutting into available |
| survey of 800 service stations. | | | | supplies. |
| The much larger Lundberg industry survey | | | | However, the high pump prices are |
| of 7,000 stations showed the national | | | | attracting gasoline imports, which |
| price of gasoline jumped 11.4 cents over | | | | recently hit the fifth highest weekly |
| the last two weeks to a record $3.18 a | | | | level ever at 1.5 million barrels a day. |
| gallon. | | | | |