Contact Us

Gas Prices Could Hit Record High This Year — Dollars and Sense

gaspump
Joe Raedle, Getty Images

If it seems like it’s costing more and more to fill up your gas tank, it’s not just your imagination.

On average, a gallon of fuel costs 22 cents more than it did at this time last year. Worse yet, experts think it’ll climb higher still.

In 2011, gas prices peaked at an average of $3.50, with the typical American household spending $4,155 at the pump — both record highs. And according to AAA, if the cost fluctuation patterns of 2012 follow precedents set last year, drivers will likely see prices of over $4 for a gallon of regular by spring or summer.

Analysts at GasBuddy cite seasonal demand patterns, rising tension with Iran, rising demand for oil, and — ironically — economic recovery as reasons for what they believe is an inevitable spike that will make 2012 the most expensive year ever for gas.

[Time]

More From NewsTalk 1290

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newstalk1290.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on NewsTalk 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on NewsTalk 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!