National Average Gas Price Nearing $3 a Gallon
Posted on December 6, 2010Gas prices normally fall this time of year, but they are climbing this holiday season. CNN reports that drivers could find gas prices of $3 or more at the pump by Christmas. Crude oil is at $89 per barrel, which is a 25-month high.
The Lundbery Survey has the national average gas price at $2.91 a gallon. The AAA's Fuel Gauge Report also shows the national average gas price creeping toward $3.00. The AAA has the national average at $2.95, which is 32 cents higher than a year ago.
If the trends continue then motorists will see gas prices much higher next summer.