Article: Gas prices hit new record as oil jumps to $110

Gasoline and oil prices extended their record-setting streaks Wednesday, with gas at the pump reaching a new high of nearly $3.25 and crude surpassing $110 for the first time. The gains came as a weakening dollar led investors to shrug off an Energy Department report that crude oil and gasoline supplies jumped last week. The national average price of a gallon of regular gas rose by 1.9 cents overnight to $3.246 a gallon, a record, according to AAA and the Oil Price Information Service. Pump prices are following crude's recent surge, and could rise as high as $3.75 a gallon this spring, analysts say. Meanwhile, light, sweet crude for April delivery rose $1.17 to settle at a record $109.92 a ...

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