New Orleans Ends 2012 With Rising Gas Prices

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According to the GasBuddy.com survey, the average price of a gallon of regular unleaded gas in New Orleans rose 4.3 cents during the last week of the year to hit the $3.10 mark.

According to the website, 415 gas outlets were surveyed in the area.

Still, the year-end price is only 0.8 cents higher than a year ago at the same time and is actually 5.2 cents lower than a month ago.

“2012 was a year that focused the spotlight on our nation’s oil refineries; it showed us the vulnerability of our infrastructure and what can happen to prices at the pump when infrastructure is compromised.  We began the year with a BP refinery fire in Cherry Point, WA that caused massive spikes on the west coast.  The spring delivered challenges for Great Lakes refineries and pushed Chicago gas prices to a record high. Similarly, the California summer saw major refinery outages there and new record high prices,” said Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.

Also according to the website, 2012 brought the highest national average price ever for a gallon of gas at $3.60.

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