Record Highs at the Pumps

The record stood since before John Hinkley shot Ronald Reagan was President, before the first Space Shuttle flight, and just as the first DeLoreans were rolling off an Irish assembly line.

This weekend, gas prices hit an all time high.

Industry analyst Trilby Lundberg reports gasoline prices in America averaged $3.07 a gallon on Sunday.

"[The President] must jawbone OPEC members to lower prices.” -- Candidate George Bush in the the first GOP Primary debate, 1999

Factor in inflation and they beat the previous record set in March, 1981.

Back then, they averaged $1.35 a gallon -- $3.13 in today's dollars.

And more recently, the latest average is four-cents higher than the $3.03 average set in August, 2006. (CNN)