Gas prices set record high in 2012 - WKOW 27: Madison, WI Breaking News, Weather and Sports

Gas prices set record high in 2012

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By Greg Jeschke - bio | email

MADISON (WKOW) -- Americans paid a record high prices for gasoline in 2012.

According to Triple-A, 2012 set a record for the highest average price for a gallon of regular: $3.60.

Triple-A says the high cost was due to hurricanes, refinery outages and tensions in the middle east.

But some relief could be coming in 2013.

Triple-A expects prices to be lower because of rising domestic oil production and decreased demand.

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