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Retail gas prices hold steady

7:49 PM, Dec. 31, 2012  |  Comments
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The average retail price of a gallon of gasoline held stead in the last week at $3.25, according to GasBuddy's daily survey of 127 gas outlets in Green Bay.

That price is 3.8 cents a gallon lower than a year ago and 17.3 cents a gallon lower than a month ago.

The national average increased 3 cents a gallon in the last week to $3.27 a gallon. That's down 13.2 cents a gallon from a month ago but 1.7 cents a gallon higher than a year 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," said Patrick DeHaan, GasBuddy.com senior petroleum analyst. "We began the year with a BP refinery fire in Cherry Point, Wash., 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.

The year brought the highest average price for U.S. conumers at $3.60 a gallon.

For a closer look at the GasBuddy Year in Review, please visit http://www.scribd.com/GasBuddy or view the document directly: http://www.scribd.com/doc/117521912/GasBuddyYIR

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