2012 already a record year for high gas prices - KWWL - Eastern Iowa Breaking News, Weather, Closings

2012 already a record year for high gas prices


There's no getting around it. As a nation, we've never paid more at the pump than we did this year.

The yearly national gasoline price average is running at $3.63 per gallon, making it all but guaranteed that 2012 will go down as the year with the highest average ever.

"We did the math, and the numbers don't lie," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Last year's average price of gasoline nationwide was $3.51 per gallon. The national average price of gasoline in the U.S. would have to drop to $2.35 per gallon or lower for every day for the remainder of 2012 in order for the 2012 yearly average price to fall below last year's level."

National averages were driven up this fall by disasters along the East Coast, including Hurricane Sandy, which affected supply from coastal refineries.

"It reminds us exactly how vulnerable our nation's fuel infrastructure is and why the U.S. should be looking to increase refining capacity where it is needed most," said analyst Gregg Laskoski with AAA Auto Club South.

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