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