Posted at: 02/19/2013 6:28 AM
Updated at: 02/19/2013 8:03 AM
Consumers are experiencing more pain at the pump than ever before. The average cost of a gallon of gas has jumped 52-cents in the last two months.
In mid-December, the average cost of a gallon of unleaded was $3.21. Currently, that price is $3.73.
While there has been a steady increase in the past 30 days, the price jumped nine-cents over the President's Day weekend. If that trend continues, experts say gas prices could top the all time record of $4.11 set back in 2008.
According to the Energy Information Administration, the average household spent more on gas last year than it had in 30 years. Analysts say its likely prices will peak in April before they start retreating.
AAA says prices always jump this time of year but it's more dramatic due to the severe snowstorm in the northeast and concerns over Iran’s nuclear efforts.