Gas prices averaged highest ever in 2012

January 1, 2013 3:21:26 PM PST
Gasoline prices averaged the highest ever in 2012.

That's despite prices never topping the single day spikes seen in 2008 - when gas reached $4.11.

AAA says the nationwide average price for a gallon of regular gas hit $3.60 in 2012, up 9 cents from the previous record high of $3.51set in 2011.

AAA blames extreme weather conditions, refinery outages and tensions in the Middle East for the high prices.