2012 could be record year for gas prices

FORT WAYNE, Ind. (WANE) Average retail gasoline prices in Fort Wayne have fallen 4.9 cents per gallon in the past week, averaging $3.89 a gallon on Sunday, September 16, 2012.. This compares with the national average that has increased 2.3 cents per gallon in the last week to $3.86 a gallon according to gasoline price website FtWayneGasPrices.com.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 29.7 cents per gallon higher than the same day one year ago and are 11.4 cents per gallon higher than a month ago. The national average has increased 15.8 cents per gallon during the last month and stands 24.9 cents per gallon higher than this day one year ago.

"The national average continues to hover near its highest ever September level," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As we push deeper into September, the more optimistic I am that these high prices will begin to come down slightly, but with the recently announced QE3, I'm a bit concerned that prices won't moderate as much as previously expected as the dollar weakens, leading me to believe 2012 will have featured the highest yearly average ever," DeHaan said.