Highest Ever Gas Averages in 2012

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AAA Expects Lower Rates for 2013

 

WASHINGTON, D.C. – The year 2012 will go down on record as having the highest recorded average gas prices in U.S. history, according to AAA.

Highest Gas Averages in 2012

The Florida-based automotive agency points to hurricanes, political tensions in the Gulf region and a series of refinery fires as the main contributing factors. The per gallon national average reached $3.60 in 2012, up nine cents from the previous year.

In 2008 the actual per-gallon rate was higher, reaching $4.11 that summer.  However averaged out for the year, 2012 surpasses all previous markers.

On a positive note, the agency predicted prices to remain lower in coming months, due largely to rising domestic production, according to CNN Money.  The price is also offset but the standard drop in demand early in the year.

In the towing business, the issue of fluctuating gas prices can have a real effect on many owner’s bottom line.  In some communities, the amount a shop can charge for milage is strictly capped.

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