Daily News header

2012 Likely The Most Expensive Year Ever At The Pump

By  

It has been a year for records in America. One of the records we won't be popping champagne corks over is the price of fuel.

GasBuddy, the national fuel tracking service, says that, "As a nation we've never paid more at the pump than we did this year. The yearly national average is running at $3.63/gallon so far for 2012, and it's all but guaranteed that 2012 will go down as the year with the highest average ever."

Gas prices have been up and down like a yo-yo, and with exactly one month left in the year, it is mathematically possible for 2012 to end without becoming the most expensive year ever for American consumers at the gas pump; but GasBuddy says "that would necessitate an unthinkable calamity."

Patrick DeHaan, senior petroleum analyst for GasBuddy tells us, "We did the math, and the numbers don't lie. 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."

We can do what we love to do, blame it on California, where major supply problems this summer not only raised their prices, but also had a big impact on national numbers. Hurricane Sandy, on the East Coast, caused major damage and power outages at refineries in the North East.

Gregg Laskoski, another GasBuddy analyst, points to this nation's infrastructure as needing attention. He says these recent events "... remind 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."

With the Fiscal Cliff approaching, we will have to wait and see if there is private and public money available to fix the infrastructure.

  Please leave a comment here     If it does not display within 10 seconds, please refresh the page

Related Top Stories News

Food waste has become the single largest category of waste in the United States and the U.S. Department of Agriculture (USDA) and the Environmental Protection Agency (EPA) are trying to reduce it across the country
Sanctions may follow but today the FBI says it has proof of North Korea attack on Sony despite massive misdirection.
(CNS): It is not only about preventing new births of thalassemic infants; about chelation, about blood transfusion and about availability of services needed; but also about preventing complications related to Thalassaemia.
White House chief economic adviser, Jason Furman told reporters at Tuesday's Daily Press Briefing that the US is digging out of a really deep hole, and there is more to do.
TAM airlines, of Brazil, found itself on the wrong side of a psychic prediction forcing it to change the flight number.
7,145 physicians, hospital staff from throughout the US, Europe and Middle East demand the medical siege on Camp Liberty in Iraq be lifted.

 

NewsBlaze Writers Of The Month


Popular Stories This Month

newsletter logo

landing page ad

NewsBlaze
Copyright © 2004-2014 NewsBlaze Pty. Ltd.
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice               Press Room   |    Visit NewsBlaze Mobile Site