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.