Amidst Drilling Boom, Average Price For U.S. Gasoline Hit Record High In 2012

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The U.S. is experiencing a domestic oil boom that could soon make it the world’s largest liquid fuels producer. And how has that surge in production impacted gasoline prices? In 2012, Americans paid more for gasoline than ever before. According to figures from AAA, the average price of gasoline in 2012 was $3.60 per gallon, making last year the most expensive in history.