While gas prices may be going up, so are the horsepower ratings on the latest muscle cars. A horsepower war is brewing and we took a moment to discuss three of the hottest muscle cars hitting the streets in 2012.

In the video above we first discuss the 2012 Dodge Charger Redline. There are three stages available, but gearheads will only truly care about the Stage Three package. With a 426 Hemi V-8, the Redline Charger packs 590 horsepower. It's worth highlighting that this powertrain is not street legal, which makes this a track car. You'll also get a special performance cat-back exhaust system and a front-tower cross-brace. The Redline Charger sits atop the Charger lineup and goes on sale later this year.

The hotly anticipated street-legal 2012 Chevrolet Camaro ZL1 packs 580 horsepower and 556 pound-feet of torque under the hood. The supercharged 6.2-liter V-8 grumbles through a dual-mode exhaust setup. Available with either a six-speed automatic transmission or a six-speed manual, the Camaro ZL1 will hit 60 mph in around 4 seconds. With a price tag of $54,995, fans of the bow-tie are sure to be happy.

Not to be outdone by the team at Chevrolet, Ford has upgraded the Shelby GT500 for 2013 with a supercharged 5.8-liter V-8. Producing 650 horsepower and 600 pound-feet of torque, Ford says this is the highest output volume car V-8 in production. The new 2013 GT500 will hit 200 mph and does it all with a solid rear axle. Undercutting the Camaro ZL1's price by a few hundred dollars, the 2013 GT500 starts at $54,200.

For more information on all three of these three muscle cars watch the video, and tell us in the comments which of them you would want in your driveway.