Record High Gas Prices Expected in 2012 - 8 News NOW

Record High Gas Prices Expected in 2012

Posted: Updated:

LAS VEGAS - If you think gas prices are high now, analysts say wait until they peak.

"I cannot go to places no more to have fun with the kids or family, because the gas is too expensive," said one driver.

According to Gasbuddy.com, 2012 could be the year for record gasoline highs. Drivers could pay more than $4.00 a gallon as early as spring.

"We have this process of the price going up by a cent or two per day. So, that's the trend that we've been seeing," said AAA Nevada spokesman Matt Skryja.

AAA Nevada says the price at the pump started inching higher during the holidays. Contributing factors include investor activity and developments in Iran that could threaten oil supplies.

"That's something that investors are going to look at, get ahead of it. That's going to increase their buying, and that helps drive up the price," Skryja said.

"It's kind of sad right, but there's not much you can do about it," driver Jeff Geateo said. "I mean lessen our dependence on foreign oil, but it is what it is."

Drivers can take steps to minimize the damage as prices soar. Car dealers like Findlay Chevrolet are offering more eco-friendly and energy efficient cars.

"People are more concerned now about pocketbooks and saving money on gas. That's why these small economical cars are selling," said Doug Fleming with Findlay Chevrolet. "Obviously, it's been rough the last few years, and a lot of people want to save money wherever possible. Fuel economy is a big one. When you can get 34, 40 miles per gallon, that's a big savings."

Manufacturers are adapting to fuel economy vehicles that can save drivers at the pump and in the long run.

AAA Nevada says gas prices also typically go up whenever there is a positive economic outlook.

  • Las Vegas NewsLas Vegas NewsMore>>

  • Police investigate double stabbing

    Police investigate double stabbing

    Friday, April 18 2014 9:17 PM EDT2014-04-19 01:17:18 GMT
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
    Two people suffering stab wounds were rushed to the hospital Friday afternoon, Metro Police said.More>>
  • Street performers peeved over downtown bathroom ban

    Street performers peeved over downtown bathroom ban

    Friday, April 18 2014 9:48 PM EDT2014-04-19 01:48:54 GMT
    Street performers bring a lot of entertainment to the Fremont Street Experience, but some of their say they are being forced out of the area when it comes to taking a bathroom break.More>>
    Street performers bring a lot of entertainment to the Fremont Street Experience, but some of their say they are being forced out of the area when it comes to taking a bathroom break.More>>
  • Coroner's office identifies 2-year-old hit by car

    Coroner's office identifies 2-year-old hit by car

    Saturday, April 19 2014 5:44 PM EDT2014-04-19 21:44:02 GMT
    The coroner's office has released the name of the little girl struck and killed by a car this week.More>>
    The coroner's office has released the name of the little girl struck and killed by a car this week.More>>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KLAS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.