Americans Paying Highest January Gas Prices Ever
By: Jennifer Lee
Updated: January 17, 2012
With a new year, comes the highest January gas prices ever and experts say the prices aren't getting any cheaper.
Drivers can be shelling out close to $5 a gallon in some areas during the warm-weather driving season.
The average price of a gallon of regular unleaded gas in the U.S.--$3.39.
That is nearly thirty cents higher than a year ago. Ed Welsh from AAA says there are many factors as to why the gas prices are getting pricey.
"The economy has not been recovering very fast and the value of our dollar has shrunk... The problem is the price of oil was 100 dollars in 2008... Now we are paying 100 dollars now but we are paying sixty-five more cents a gallon," says Welsh.
Another factor influencing high gas prices ---the possibility of conflict with Iran.
Drivers in the area may be shelling out $4.50 a gallon by this summer.
Drivers can be shelling out close to $5 a gallon in some areas during the warm-weather driving season.
The average price of a gallon of regular unleaded gas in the U.S.--$3.39.
That is nearly thirty cents higher than a year ago. Ed Welsh from AAA says there are many factors as to why the gas prices are getting pricey.
"The economy has not been recovering very fast and the value of our dollar has shrunk... The problem is the price of oil was 100 dollars in 2008... Now we are paying 100 dollars now but we are paying sixty-five more cents a gallon," says Welsh.
Another factor influencing high gas prices ---the possibility of conflict with Iran.
Drivers in the area may be shelling out $4.50 a gallon by this summer.
