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March 30, 2007

Gasoline prices set to hit new record highs

San Francisco's surging gasoline prices stand poised to smash their old record of $3.36 for a gallon of regular, perhaps as early as today.

Some stations in the city already have passed that record, set last May.

Although San Francisco's average gasoline price reached $3.34 Thursday, individual stations were charging as much as $3.98.

And yes, that's $3.98 for regular. Want premium? At least one San Francisco station was charging $4.18 per gallon.

The national average for a gallon of regular stands at $2.62, up 48 cents since the end of January. California's average is $3.22, up 70 cents in the same period. No other state average tops $3 per gallon, although Hawaii might pass that mark this weekend.

Posted by Frank at March 30, 2007 3:49 AM | Filed under Auto News | Finance

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