Contact Us
Make My Homepage

Gas Price Record May Be Set This Year [AUDIO]

Gas prices have been on the climb again. Some observers believe the year 2012 may wind up setting a new record high for the year as a whole.

Kevork Djansezian, Getty Images

Prices have increased across the country by an average of 9% in August. The prices have gone the highest and the fastest in the Midwest. A lot of that surge is being hung on the production cuts at four Illinois refineries.

AAA is reporting that at this late stage in the summer season, most vacation drivers who have not yet travelled are pretty resigned to paying whatever they have to at the pump to get away for awhile.

Lowest Gas Prices in New Jersey
New Jersey Gas Prices provided by GasBuddy.com

Tom Kloza, of the Wall Township-based Oil Price Information Service, says this year’s ups and downs at the pump have been mostly up of late, with the national average at $3.70 right now, and New Jersey’s average in the $3.60′s. But will 2012 be a record setter?

Kloza thinks the jury is still out on that one. He says it has been expensive for fuel this year, and what he calls, “front-end loaded,” but he believes we will ‘get a break’ in the last 100 days of the year.

Kloza still expects moderating prices from Labor Day on. He says there is a 50-50 chance this year will set a new record for the average high at the pump.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!