Gas Prices to Rise In 2013
By: NBC News, Bob Hansen
Updated: January 6, 2013
NBC NEWS -- You may have heard some things will be costing you more this year.
But what about gas prices?
It was a wild ride at the gas pump in 2012, where prices averaged just above $4 a gallon. Gas prices skyrocketed one minute and fell the next, a difference of more than a dollar a gallon.
Drivers had to find ways to deal with record high prices, as high as $4.71 a gallon at one point.
But changing your routine may not be enough to be ready for 2013, where prices could once again hit record territory.
"Yeah, I think we're at the point now where $4 a gallon seems cheap. And I think by the end of next year we may not raise an eyebrow at $5 a gallon. I think that's where we're headed," said Charles Langley, an oil industry watchdog.
But will drivers accept prices that high? With gas prices, there are so many factors that can make them go up. Problems in the Middle East to problems in our own backyard.
"When one or two major refineries announces a problem or a rumor of problems, the market reacts by raising the price. Whether there really is a problem or not," said Langley.
Langley said this could be a very expensive year for drivers, and people at the gas pump say they are no longer shocked watching prices climb and their fuel bills go higher and higher.
But what about gas prices?
It was a wild ride at the gas pump in 2012, where prices averaged just above $4 a gallon. Gas prices skyrocketed one minute and fell the next, a difference of more than a dollar a gallon.
Drivers had to find ways to deal with record high prices, as high as $4.71 a gallon at one point.
But changing your routine may not be enough to be ready for 2013, where prices could once again hit record territory.
"Yeah, I think we're at the point now where $4 a gallon seems cheap. And I think by the end of next year we may not raise an eyebrow at $5 a gallon. I think that's where we're headed," said Charles Langley, an oil industry watchdog.
But will drivers accept prices that high? With gas prices, there are so many factors that can make them go up. Problems in the Middle East to problems in our own backyard.
"When one or two major refineries announces a problem or a rumor of problems, the market reacts by raising the price. Whether there really is a problem or not," said Langley.
Langley said this could be a very expensive year for drivers, and people at the gas pump say they are no longer shocked watching prices climb and their fuel bills go higher and higher.
