Gas Prices Spike to Highest for Start of New Year

Prices in Illinois jumped 16 cents over one month, says AAA Chicago

By Ivanna Hampton
|  Monday, Jan 30, 2012  |  Updated 8:51 AM CDT
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Gas Prices Spike to Highest for Start of New Year

Most, if not, all drivers had a gut feeling about this one.
 
New numbers from AAA Chicago prove you are paying more for gas. In fact, the average cost of gas has spiked to the highest prices ever for the start of a new year.

 
The group’s latest Fuel Gauge Report estimates regular unleaded gas in Illinois jumped 16 cents in the last month. The average cost of a gallon of gas in January is about $3.51, making it about 29 cents higher than last year, according to a release from AAA Chicago.
 
Filling up in Indiana isn’t providing too much relief for Chicago area drivers.
 
Prices in the northern part of the Hoosier state rose 12 cents from December 2011 to January 2012. Gas prices are averaging $3.37 costing drivers 28 cents more than last year. 
 
"Gas prices have had a volatile start to the year, mainly due to high oil prices and tempered by very sluggish demand," said Beth Mosher, director of public affairs for AAA Chicago.
 

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