Thursday, May 15, 2008

Alaska first state to hit $4 a gallon gasoline according to AAA



LOS ANGELES (Reuters) - Alaska hit a milestone on Wednesday that could be a sign of things to come around the United States this summer -- it became the first state where the average price for regular gasoline reached $4 per gallon.

"It wasn't totally unexpected," said Geoff Sundstrom, spokesman for the travel and auto group AAA which issues a daily gasoline price report.

"Oil prices recently brushed against $127 per barrel so certainly, $4 gasoline could be in the cards for other states as well this summer," said Sundstrom.

At $4 per gallon, filling up a 15-gallon tank will cost $60.
Alaskans using self-service regular gasoline paid $4.006 per gallon, said the AAA Wednesday report.
More on the story.

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