According to AAA, gas prices in the U.S. set a record at the pump Tuesday, now having spent 1,000 consecutive days above $3 per gallon. This level, AAA warns, may just be the new norm. Paying less than $3 for a gallon of gasoline may be a thing of automotive history for Americans, according to Money News on Sept. 17.
Tuesday marked the 1,000th consecutive day gas prices have averaged above the $3 mark, which according to the motoring club has never happened before.
U.S. gas prices first climbed above $3 per gallon for a time following the Hurricane Katrina disaster in September 2005. They crossed that threshold again in 2008, and stayed above it for most of that year.
The economic downturn drove gas prices below a $3 national average from October 2008 through December 23, 2010. That's when this current thousand-day streak began.
Patrick DeHaan of GasBuddy.com thinks the market is stabilizing on the diminishing prospect of an attack on Syria. He projects we may be in the low $3s by the time we're doing our last-minute Christmas shopping.
On a positive note, although Tuesday broke a record streak for gasoline prices, at least they never averaged above the $4 per gallon mark during the last 1,000 days, according to USA Today.
Paying less than $3 per gallon of gas may be automotive history for most Americans, going the way of 8-track tapes and drive-in movies, said the travel organization's CEO Bob Darbelnet.
"The reality is that expensive gas is here to stay", he said.