Financial Times FT.com

US petrol tops $4 a gallon for first time

By Bernard Simon in Toronto

Published: June 8 2008 22:54 | Last updated: June 8 2008 22:54

The average retail price of petrol in the US rose above $4 a gallon for the first time on Sunday, according to a daily survey by the AAA motoring organization.

Many analysts have identified the $4 mark as a critical point in changing Americans’ driving habits.

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