US Gas Prices on the Rise

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The average price of gasoline in the US rose to $3.052 Monday, its highest level since October 2008, according to data released by the Department of Energy.

For the week ending Dec. 28, the West Coast was the most expensive region to buy gasoline, with a cost of $3.219 per gallon. California had the highest gas prices at $3.287 per gallon.

These statistics were released on the same day the former president of Shell Oil said that Americans may have to pay $5 a gallon for gasoline by 2012, due to higher global demand and tighter supplies.

Are gasoline prices putting a damper on your travel plans?

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