Gas prices reach new high in 2012

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by KMOV.com Staff

KMOV.com

Posted on January 1, 2013 at 10:02 PM

(KMOV.com) – The average price of gas in 2012 was the highest on record.

According to AAA, the nationwide average price for a gallon of regular gas reached $3.60 in 2012. That broke the old record of $3.51 set in 2011.

Despite prices reaching a new height, AAA expects them to decrease in 2013 because of higher domestic oil production and a decrease in demand.

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