Dow gives back 0.2%. Watch these stock charts: NKE, S, CREE >>> READ MORE

U.S. Gas Prices Hit 1,000th Day Over $3 a Gallon

Gas prices reached the $3 mark on Dec. 23, 2010


GasPumpU.S. gas prices hit the 1,000th day of being over $3 a gallon on Tuesday.

According to AAA’s fuel gauge report, U.S. gas prices went up to $3 a gallon on average on Dec. 23, 210 and haven’t been below since. This is the longest time that gas has been over $3 a gallon that is on record. Drivers across America are paying less for gas now than what they were a year ago. Several Midwestern states have seen gas prices decrease by 40 cents to 50 cents a gallon. Other states haven’t been so lucky. Due to refinery issues in California, some states west of the Rockies have seen gas prices increase as much as 10 cents since last week.

“Paying less than $3.00 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” Bob Darbelnet, CEO of AAA, told USA Today. “The reality is that expensive gas is here to stay.”

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC