Gas Prices Hit Two Year High

Gasoline prices have hit a two-year high heading into the Christmas holiday, producing a strain for shoppers trying to stretch their dollars.

Retail gas prices have been rising briskly over the last month, tracking crude oil prices, which rose on surging imports by China and a weakening of the dollar.

The average national price of gas rose over the last week to $2.98 a gallon, up from $2.90, according to AAA’s Daily Fuel Gauge Report. Although specialists say prices have probably peaked for the month, the price at the pump is now 35 cents a gallon higher than a year ago.

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