Price of regular gas in U.S. averages a record $3.218

May 22, 2007|By Bloomberg News

The average U.S. pump price for regular gasoline rose 11.5 cents to a record $3.218 a gallon in the week that ended yesterday, the government said.

Prices were 32.6 cents a gallon higher than a year ago, according to the weekly report from the U.S. Energy Department in Washington. Diesel-fuel prices rose 3 cents to $2.803 a gallon, according to the report, based on a survey of about 800 filling stations.

Gasoline prices rose as summer demand increased and slowdowns at refineries in the U.S. and abroad limited inventories.

Pump prices increased in most regions of the country. They rose the most in the Gulf Coast states, where they gained 17.7 cents to an average $3.092 a gallon, according to yesterday's report. Prices dropped in California, where they fell 1.4 cents to $3.436 a gallon.

California had the highest pump prices. The cheapest prices, averaging $3.082 a gallon, were in the Mid-Atlantic states.

In Maryland, the average price of a gallon of regular gas was about $3.13, with prices ranging from $2.85 on the Eastern Shore to $3.44 in the Washington suburbs, according to Marylandgasprices.com.

Energy experts expect Memorial Day weekend to push prices up again next week.

Sun reporter Tricia Bishop contributed to this article.

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