Gasoline Prices at Fresh Peak Spell No Relief for US Drivers
- Average pump prices are up more than 50% since a year ago
- Gasoline futures in New York settled at new record on Tuesday
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US gasoline prices climbed to yet another record, the latest blow to motorists at the start of the summer driving season.
Average retail pump prices in the US are now $4.622 per gallon, according to auto club AAA. That’s up from $4.178 a gallon a month ago and more than 50% higher than a year-earlier.