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Gas Prices Jump To New Record High

Wednesday, May 7, 2008 – updated: 11:28 am EDT May 7, 2008

Gas prices around the Miami Valley jumped Wednesday morning to a new record high of $3.79 a gallon.

Many drivers said they were suprised by the new prices. Gas on Tuesday was under $3.50 a gallon at most local gas stations.

On Tuesday, oil prices reached a new high of $122 a barrel. About a year ago, oil prices were at $62 a barrel.

For more information on rising gas prices, visit our Gas Price Section.

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