AAA: Gas prices in 2011 highest ever

Motorists across the nation and in Virginia will have paid more, on average, for a gallon of self-serve regular gasoline in 2011 than ever before. With just three days left in the year, the national average price for gas in 2011 is close to $3.52 per gallon ,with Virginia’s average through today at a record high $3.41.

“As analysts look at everything from economic indicators and global developments to the most popular movies and photos of the year, motorists simply look at how they will continue to put gas in their cars in 2012,” said Martha Mitchell Meade, Manager of Public and Government Affairs for AAA Mid-Atlantic. “The average family in Virginia is predicted to have spent $4,544 on gas in 2011 as compared to $3,713 in 2010, an increase of $841 in just one year.”

While gas prices for the year are high, they have been dropping fairly steadily as the year draws to a close. Gas prices today in Virginia are 18 cents lower than they were on Nov. 1. Nationally prices are now 21 cents lower than the beginning of November.

Analyst Tom Kloza, chief oil analyst for the Oil Price Information Service, predicts that current lower prices will continue through the year’s end and into January when they will likely hit their lowest when demand is typically low. Kloza, however, predicts that prices could go up a full $1.00 from the lows in January as we head towards spring.

Related posts:

1. AAA: Gas prices highest ever at Christmas The cost of gas is the lump of coal in motorists’ Christmas stockings this year, and although pump prices have declined of recent, consumers will...
2. AAA: Gas prices impact July 4th travel Gas prices are predicted to deter some Virginians from traveling this July 4th holiday weekend with close to 1.1 million expected to celebrate Independence Day...
3. Gas prices continue downward trend Gas prices continued their decline for the fourth consecutive week, dropping below the $3.70 mark as the summer driving season motors on. The national average...
4. Gas prices continue recent climb Motorists had to dig a little deeper this week to fill up their tanks as gas prices rose for the second consecutive week, despite dropping...
5. Gas prices continue spike Ten-plus cents more – that’s how much more you’re paying for gas than you were a week ago. “Prices are changing so rapidly, and filling...