Price Of Oil Keeps Gas Prices On The Rise

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Price Of Oil Keeps Gas Prices On The Rise

By Associated Press

NEW YORK- The surge in the price of oil continues to push gas prices higher.

A survey of stations by AAA and the Oil Price Information Service finds that the price of a gallon of regular gas jumped 2.6 cents overnight to a record of $3.67.

The Energy Department expects prices to peak at a monthly average of $3.73 in June, though many analysts say national average prices could rise as high as $4.

Consumers in many regions, including parts of California and Hawaii, are already paying that much.

Oil today rose above $126 a barrel for the first time.

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