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Gas Prices Up And Rising

By: Jessica Jordan // December 28, 2010
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Ocean City Council retracts free gas promotion.
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Ocean City Council retracts free gas promotion.

Drivers will shell out $34 billion in December on fuel, according to AAA Mid-Atlantic. The numbers come from spikes in fuel prices. More changes could be on the way.

The former president of Shell Oil, John Hofmeister, predicts drivers will be paying $5 for a gallon of gasoline by 2012.

John Townsend, a spokesperson for AAA Mid-Atlantic, doesn't believe fuel costs will jump that high. But he considers the recent spike in fuel prices to more than $3 a gallon extraordinarily high for this time of year.

"The big question mark is what will the spring bring when there's always a 35 percent increase in gasoline. It's concievable that we could be paying as much as $3.75 a gallon or almost $3.80," he says.

Townsend says the national average price for fuel is $3.05. In the D.C. Metropolitan area, it's closer to $3.15 per gallon.

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