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 NEW YORK (AP) - The retail price of gasoline soared more than 18 cents last week to an average $2.55 a gallon nationwide, a new record, the Energy Department reported Monday.
The previous record high was $2.37 per gallon, established the previous week. Adjusting for inflation, retail gasoline prices peaked above $3 a gallon in 1981.
The latest weekly government survey said the average price nationwide of regular-grade gasoline rose by 18.2 cents to $2.55 per gallon, or 67.5 cents a gallon higher than the same time a year ago.
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