Rockford will be ringing in the New Year with higher gas prices, thanks to a 13.7 cent spike in prices in just the last week.
Although prices jumped, according to GasBuddy.com, the average price of gas in the area was $3.30 per gallon on Sunday, 0.9 cents lower than one year ago, and 18 cents lower than one month ago.
The national average also increased, but only by 3.0 cents per gallon. That price is 1.7 cents higher than one year ago, but 13.2 cents lower than one 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," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said. "We began the year with a BP refinery fire in Cherry Point, Washington 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 prices."
Hurricane Sandy also caused refinery shutdowns and mile-long lines for gas along the East Coast.
The country saw the highest average price of gas ever, $3.60 per gallon, in 2012.
All content © Copyright 2000 - 2014 WorldNow and WREX. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at email@example.com.