Yesterday, gasoline prices in the U.S. set record highs again. According to a study conducted by AAA, the country should anticipate the prices to continue to climb into summer months. Average regular gasoline prices touched an all-time high of $3.227 per gallon, up 27 cents in a month and surpassing the previous peak hit in May 2007.

Exactly how this will influence the price of gasoline in Spain is as yet unknown. However, given the recent economic influence of the United States on other parts of Spain’s economy, there is reason, if not actual cause for concern.

The rise in pump prices comes as crude oil rose to nearly $110 per barrel amid an increase in speculative investing in commodities and concerns that world energy consumption will outpace supply.