Gas Prices Jump to New High

Summer vacations are just around the corner, and once again soaring gasoline prices are driving some motorists around the bend.

U.S. pump prices have hit record highs, topping the $2-a-gallon mark again in Chicago and California and spurring talk of a possible $3 a gallon sometime after the peak driving season begins on Memorial Day.

Adam Sieminski, an analyst for Deutsche Banc Alex Brown, says that would happen ``only if something goes seriously wrong'' with supplies. But even where prices are now, consumers are having unhappy flashbacks to last year when prices also climbed more than $2 a gallon.