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U.S. Gas Prices Reach Record Level In 2012
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U.S. Gas Prices Reach Record Level In 2012

Business

U.S. Gas Prices Reach Record Level In 2012

U.S. Gas Prices Reach Record Level In 2012
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Triple-A has confirmed it: The average price of a gallon of gasoline hit a record last year. The group says the national average for the year was $3.60. That's nine cents higher than the average in 2011, which was the previous record.

DAVID GREENE, HOST:

NPR business news starts with record prices at the pump.

You may already have a sense of this from your bank statement, but now AAA has confirmed that the average price of a gallon of gasoline hit a record in 2012. The group says the national average for the year was $3.60. That is nine cents higher than the average in 2011, which was the previous record. For 2013, AAA thinks increased domestic oil production will help keep prices lower.

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