Wholesale gasoline rose 8.51 cents, to $95.97 a gallon, a record in five years of futures trading.

Wholesale gasoline for February delivery rose 0.45 cent yesterday, to 63.1 cents a gallon.

Wholesale unleaded gasoline rose 1.30 cents, to 93.73 cents a gallon on November delivery contracts.

Electricity and gasoline rose sharply, and liquefied petroleum gas soared 17.1 percent.

Meanwhile, unleaded gasoline rose by 2.84 cents, to 50.13 cents a gallon.

As gasoline rose above $3 a gallon, consumers cut their spending elsewhere, tamping down profits in retail, travel and other industries.

The price of home heating oil soared 23.5 percent after falling slightly in January, and gasoline rose more than 6 percent for the second straight month.

In previous years, gasoline has often risen several cents a gallon in June.

In transportation, gasoline rose by seven-tenths of 1 percent - much less than in recent months - and used-car prices jumped another 2.1 percent.

Consumers, meanwhile, should feel the impact soon, although the gasoline fall may be modest because gasoline never rose high enough to reflect peak crude prices.