Edouard Chambon, of France, solved the cube in 9.18 seconds at the 2008 Murcia Open.
Actually according to the WCA(World Cube Association)
Single6.77Feliks ZemdegsAustraliaMelbourne Cube Day 2010Average7.91Feliks ZemdegsAustraliaMelbourne Cube Day 201011.78 7.40 7.63 8.69 7.09
The single is literally that a single solve. The average is an average of 5 solves which is standard right now. Both are still phenomenal. I do believe that the highest time is dropped and possibly the lowest time also.
Here is their site. http://www.worldcubeassociation.org/results/regions.php