2012 Marks Year of Highest Average Gas Prices in America

2012 Marks Year of Highest Average Gas Prices in America

November 29, 2012 Updated Nov 29, 2012 at 12:58 PM CDT

Feel like you have a little less cash this year? You're not imaging things. Gas experts say as a nation, American consumers have never paid more at the pump than this year.

The yearly national average is at $3.63 a gallon so far in 2012, making it the highest average ever.

"We did the math," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com, "and the numbers don't lie. Last year's average price of gasoline nationwide was $3.51 per gallon. The national average price of gasoline in the U.S. would have to drop to $2.35 per gallon or lower for every day for the remainder of 2012 in order for the 2012 yearly average to fall below last year's level."

Gas analyst Gregg Laskoski says this year's high average was elevated by major supply problems in California and Hurricane Sandy.

"It reminds us exactly how vulnerable our nation's fuel infrastructure is and why the U.S should be looking to increase refining capacity where it is needed most," said Laskoski.

For more on gas prices in your area, visit www.gasbuddy.com.