Gas prices could set more records

FORT WAYNE, Ind. (WANE) Average retail gasoline prices in Fort Wayne have risen 19.4 cents per gallon in the past week, averaging $3.21 a gallon on Sunday, December 23, 2012, according to GasBuddy's daily survey of 201 gas outlets in Fort Wayne. This compares with the national average that has not moved  in the last week to $3.24 a gallon according to gasoline price website GasBuddy.com.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 13.0 cents per gallon lower than the same day one year ago and are 29.7 cents per gallon lower than a month ago. The national average has decreased 19.1 cents per gallon during the last month and stands 1.3 cents per gallon higher than this day one year ago.

"With just hours to go before Christmas, it appears that the national average may set a new all-time record high, barely edging out 2011 as the most expensive average for gasoline on Christmas Day," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The bad news likely won't stop there- gasoline prices in six out of the last seven years have increased between Christmas Day and January 15 of the following year. If the national average rises to at least $3.26 a gallon before New Years Day it will mark the highest start for gas prices ever on the first day of the year," DeHaan said.