Gas prices keep climbing even as oil prices drop

Thu May 29, 7:57 AM ET

NEW YORK - The gasoline price record keeps getting broken with each passing day. AAA puts the national average for a gallon of regular at a record $3.95. It’s jumped 35 cents in the past month and is 76-cents-a-gallon higher than a year ago.

If you need premium, it’s also never been more expensive. The auto club says the national average for premium is $4.35. That’s an 84-cent-a-gallon jump over last year.

Oil prices fell back Thursday ahead of a report expected to show U.S. inventories of crude and petroleum products grew last week.

Prices remained volatile, though, buffeted about by threats against Nigerian oil facilities, worries about falling gasoline demand in the U.S. and a strengthening U.S. dollar.

Lee ADDS: Prices remain high due to the INACTIVITY of CONGRESS! Write your Senators and Congressmen/women and DEMAND they stop their nonsense and start oil production and new refineries right away! Every day that we waste is costing us higher prices for everything, lower employment, less production and business losses!