2012 gas prices head for record?
refinery woes, and now are likely to make 2012 the costliest year ever at the
Nationally, gasoline averages $3.70 a gallon — up 30 cents
since mid-July and is now higher than year-ago levels in 39 states. Prices are
likely to continue climbing through August, with little relief until after Labor
Even with demand expected to recede after the peak
summer driving season, 2012 will surpass last year's price, says Brian Milne of
energy tracker Telvent DTN .
The run-up comes at a time when prices typically have
peaked for the year, and just weeks after decreasing demand and slowing
worldwide economic growth pushed prices well off 2012 highs. The trend had
prompted some industry experts to forecast $3 a gallon gasoline by autumn. Now,
Milne expects a top at about $3.90 before dropping in September.
Motorists in the Midwest are already paying that much, or
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