October 2012 gas prices In New Orleans had fallen for ten straight days from the national average that had reached $3.74 per gallon. However, despite minor dips in gas prices, 2012 will still be the most expensive year for gas ever in the United States.
Gerald Herbert, Associated Press
Gas prices have soared this year, making 2012 the most expensive year ever for gas nationally, according to a press release by Gasbuddy.
The national average was $3.63 per gallon. Some of the spikes were due to California's supply problem and also the impact of Hurricane Sandy flooding which caused power outages to refineries in the Northeast, said Gregg Laskoski, GasBuddy analyst, in the press release.
"It reminds 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," he said in the press release.
Patrick DeHaan, senior petroleum analyst for GasBuddy, did the math to see what it would take for the remainder of the year to drop the average below last year's mark. "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 to fall below last year's level."
Email: ehong@desnews.com Twitter: @erinhong
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Nice explanation! Didn't think you had any facts, but now I know for sure!
Four more years of what? If you are insinuating that Obama is to blame, please explain how. Oil is trading at around $85 a barrel, so why are pump prices so high? Again, I ask: How is Obama to blame?
@xscribe:
Oh, I'm sorry, I forgot we're not supposed to hold the commander-in-chief responsible for anything over his years of tenure. Same with CEOs, right? That's why Steve Jobs had nothing to do with Apple's More..