National Average Gas Price Nearing $3 a Gallon

Posted on December 6, 2010

Gas 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.
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