Record High Gas Prices Expected in 2012 - 8 News NOW

Record High Gas Prices Expected in 2012

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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, 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.

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