2012 gas prices head for record
Aug 16, 2012 5:46:05 GMT -5
Post by popcorn on Aug 16, 2012 5:46:05 GMT -5
2012 gas prices head for record 
Gasoline prices are up sharply in the past month on surging crude oil costs and refinery woes, and now are likely to make 2012 the costliest year ever at the pump.
By Damian Dovarganes, AP
Motorist Harout Hamassain fills up his car at a gas station in Encino, Calif., on Friday.
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By Damian Dovarganes, AP
Motorist Harout Hamassain fills up his car at a gas station in Encino, Calif., on Friday.
Sponsored LinksNationally, 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 Day.
The swift, month-long, 9% price climb has lifted 2012's average to $3.61 a gallon, vs. 2011's $3.51, which had been the most expensive year ever for motorists. 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 .
read more:
www.usatoday.com/money/industries/energy/story/2012-08-14/gas-prices-rise/57059104/1
Gasoline prices are up sharply in the past month on surging crude oil costs and refinery woes, and now are likely to make 2012 the costliest year ever at the pump.
By Damian Dovarganes, AP
Motorist Harout Hamassain fills up his car at a gas station in Encino, Calif., on Friday.
EnlargeClose
By Damian Dovarganes, AP
Motorist Harout Hamassain fills up his car at a gas station in Encino, Calif., on Friday.
Sponsored LinksNationally, 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 Day.
The swift, month-long, 9% price climb has lifted 2012's average to $3.61 a gallon, vs. 2011's $3.51, which had been the most expensive year ever for motorists. 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 .
read more:
www.usatoday.com/money/industries/energy/story/2012-08-14/gas-prices-rise/57059104/1