gas prices justin sullivan December, The Most Expensive Month For Gas Prices Since September, 2008

Justin Sullivan / Getty Images

Tom Kloza, chief oil analyst at Wall, N.J.-based Oil Price Information Service says that “It now looks as if December 2010 is probably going to be the most expensive month for gasoline in the U.S. since September 2008.”

Kloza says it’s likely prices will go down after Christmas, but then go back up in spring when they might get as high as $3.50 a gallon. He also says that the price increase won’t last long, though.

A problem at a refinery in Nova Scotia is blamed for the prices increase, initially. “Gasoline prices went way up, and that pulled crude up,” Philip Verlger, an oil analyst at the University of Calgary, says. “Add to that the fact that it got cold, when heating-oil and natural-gas prices tend to go up, and they went up a little. That added $10 to the price of crude.”

Gas prices are already above $3.00 in New York, California and in Illinois.

How much are YOU paying for regular gas nowadays and where???


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