Consumers Paying Record Prices at the Pump

KPBS | By KPBS Public Broadcasting

Published March 11, 2008 at 9:24 AM PDT

This story was published more than 16 years ago.

Gas prices have reached an all-time high in San Diego County. According to UCAN, the price for a gallon of regular gasoline is $3.53. Record oil prices are fueling the rise at the pump. We talk with U

Tom Fudge: Gasoline prices have become one of our most major inflationary hardships. You should know by now that San Diego is famous, nationwide, for having what are often the highest pump prices of all. Right now, depending on where you buy gas, you are paying in the neighborhood of $3.50 a gallon for Self-Serve Regular. Nationwide, the average American is paying about $3.25 a gallon. That's an inflation-adjusted record.

Meanwhile the price of crude oil is also setting records. A barrel of oil is now more than $100. So what's going on? Michael Shames, what going on??!!

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Guest

Michael Shames , executive director of UCAN, the Utility Consumers' Action Network .