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Average pump price hits record $3.07 a gallon.

CAMARILLO, Calif. - Gasoline prices have surged to a record nationwide average of $3.07 per gallon, nearly 20 cents higher than two weeks earlier, oil industry analyst Trilby Lundberg said Sunday. The previous record was $3.03 per gallon on Aug. 11, 2006. But despite inventory fears that have sent prices higher, there are signs that the rising prices at the pump may be peaking.

Average pump price hits record $3.07 a gallon.
xcel, May 8, 2007
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