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Tuesday
Mar082011

America Battles Sticker Shock at Gas Pump

ABC News(ORLANDO, Fla.) -- There's no relief for Americans Tuesday morning from rising, record-setting gas prices.

The average cost of gas has jumped to $3.52 per gallon, up from $3.38 per gallon last week and 77 cents higher than a year ago.  It is the highest price ever posted during the month of March.  And it could cost even more, depending on location.

At Suncoast Energys' gas station in Orlando, Florida, gas prices have surpassed the $5 mark: $5.39 a gallon for regular and $5.49 for premium.

Suncoast is among the last gas stations for travelers heading to the Orlando airport, making it a prime spot for customers in a pinch.  When ABC News asked would-be Suncoast patrons about their choice of gas station and pointed out the high prices, some decided to look elsewhere to fill up their tanks.

"It's lower than California, I know that," one man said before experiencing sticker shock.  "What the...I guess not."

Sally Slater said she spent $75 to fill up her SUV with half a tank of gas, which is about $5.50 per gallon.

"This is like robbery," Slater said, admitting that she didn't look at the price of the gas before pumping.  "If I had looked beforehand, I would not have purchased this."

The least expensive gas is in Montana at $3.19 a gallon, while, according to AAA's daily gas prices, California has the most expensive gas at $3.90 for regular grade.

With consumers feeling the pain at the pump, oil prices neared $105 a barrel today in Asia Tuesday, as fighting continued in Libya.  Although unrest in Libya has yet to disrupt global oil supply significantly, analysts have said the markets remain concerned that the revolts percolating in the Middle East might affect supplies in the top oil exporters of the world.

Copyright 2011 ABC News Radio







ABC News Radio