Pump prices continue to slip, now $3.407 for a gallon of regular, AAA reports, but that shatters...

|By:, SA News Editor

Pump prices continue to slip, now $3.407 for a gallon of regular, AAA reports, but that shatters the old record for this week of the year: $3.013/gallon, set in 2007. "We are at the highest fuel prices ever for this time of year," oil analyst Tom Kloza says, expecting 2012 prices to break records, adding that rising South American demand has offset a 4% drop in U.S. demand.