KHQ.COM - Gasoline prices are up sharply in the past month on surging crude oil costs and refinery woes, and now are likely to make 2012 the costliest year ever at the pump.
Nationally, gasoline averages $3.70 a gallon — up 30 cents since mid-July and is now higher than year-ago levels in 39 states. Prices are likely to continue climbing through August, with little relief until after Labor Day.
swift, month-long, 9% price climb has lifted 2012's average to $3.61 a
gallon, vs. 2011's $3.51, which had been the most expensive year ever
for motorists. Even with demand expected to recede after the peak summer
driving season, 2012 will surpass last year's price, says Brian Milne
of energy tracker Telvent DTN. click here to read more