Average prices of gasoline have reached their highest levels this year, while crude oil is trading at all-time highs, surging above $75 a barrel.
The average price of regular unleaded gasoline nationwide was $2.94 a gallon on Friday, up 5 cents from Friday, June 30, during the holiday boom, according to AAA, of Hawthorne, Fla.
Midgrade and premium gasoline prices have risen 6 cents a gallon since June 30. Midgrade was selling for an average of $3.13 a gallon, and premium was $3.24 a gallon on Friday.
Diesel fuel prices stayed just under the $3 mark, selling for an average of $2.98 a gallon.
AAA's Daily Fuel Gauge Report gathers data from as many as 85,000 filling stations nationwide and posts its findings on www.fuelgaugereport.com.
Crude oil was trading at $75.54 a barrel on Friday morning after hitting record highs earlier in the week. Three weeks ago, crude oil traded at less than $70 a barrel.
Drivers in California continue to pay well above the national average for their gasoline. Spotters in Chino, Calif., found a station charging $3.69 a gallon for regular gasoline, the highest price found in the country. Meanwhile, a station in Liberty, S.C., was selling regular unleaded for $2.55 a gallon, the lowest price in the country, according to GasPriceWatch.com.
GasPriceWatch.com uses volunteer spotters to watch gasoline prices nationwide. More than 395,000 prices have been listed this week.
You may e-mail Erin Robinson at [email protected]