Gasoline Prices Going Sky High

YouNewsTV™

Story Published: Apr 7, 2008 at 4:27 PM EDT

Story Updated: Apr 7, 2008 at 4:27 PM EDT

By Glen Horn

Gasoline prices are hitting record levels. According to AAA, Western New Yorkers are now paying an average of $3.44 a gallon. That's a new local record.

Nationally, gasoline is averaging $3.40 a gallon. This time last year, it was $2.79 a gallon.

Experts blame surging oil futures and a growing belief that gasoline supplies will fall as the summer driving season gets closer.

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