They're slick, fast and outrageously expensive. However, in this booming, ever-changing world, several superfast cars have hit the roads and are no longer confined to the elite group of professional car racers.

Major automobile makers of the world have unleashed a hoard of these speed demons and have taken advantage of the ever-evolving technology to help push past the boundaries of speed and power.

2011 may be considered a great year for introducing the best of these oil burners. However, with more of these oil burners popping up to compete for the top spot in terms of unbridled velocity, the current year promises to bring forth an exotic new breed of superfast cars to help satisfy every car lover's dream.

In the meantime, New-York based Wall street Journal (WSJ) put out a list that includes ten of the fastest super cars in the world for 2012, along with each car's specifications. Click on the slideshow above to view the list.

1.Bugatti Veyron Super Sport
Engine Type and Power: Narrow Angle 8 Liter W16 Engine gives out a 1,200 hp Theoretical Top Speed: 268 mph, (However, WSJ reported that the speed is limited to 415 km/h (258 mph) to prevent disintegration of the tires) Price: $2.4 to $2.6 million. wikipedia
2. Hennessey Venom GT
Engine Type and Power: 6.2-liter LS9 Turbocharged V8 Twin Turbo V8 Engine producing 1200 hp Theoretical Top Speed: 275 mph Price: $1 million. http://www.venomgt.com/gallery
3. Koenigsegg Agera R
Engine Type and Power: 5.0-litre twin-turbo-charged V8 engine with 1,140 hp Top Speed: 273 mph for 2013 model Price: 2013 model price unannounced. Earlier models cost about $1.6 million wikipedia
3. Koenigsegg Agera R
Engine Type and Power: 5.0-litre twin-turbo-charged V8 engine with 1,140 hp Top Speed: 273 mph for 2013 model Price: 2013 model price unannounced. Earlier models cost about $1.6 million http://www.koenigsegg.com/medi
4. SSC Ultimate Aero
Engine Type and Power: SSC-designed aluminum 6.3 V8 engine producing 1,287 hp Top Speed: 273 mph Price: Starting at $650,000. http://www.sscnorthamerica.com
5. Saleen S7 Twin Turbo
Engine Type and Power: 7.0-liter all-aluminum V8 producing 1,000 hp Top Speed Tested: 248 mph Price: Earlier priced at $585,000 in 2005 wikipedia
6. Koenigsegg CCX
Engine Type and Power: 4.7-liter twin-supercharged V8 engine giving 806 hp Top Speed: 245 mph Price: Around $550,000 http://www.koenigsegg.com/mod
6. Koenigsegg CCX
Engine Type and Power: 4.7-liter twin-supercharged V8 engine giving 806 hp Top Speed: 245 mph Price: Around $550,000 wikipedia
7. McLaren F1
Engine Type and Power: V-12 engine giving 627 hp Theoretical Top Speed: 240 mph Price: Starting around $970,000 wikipedia
8. Zenvo ST1
Engine Type and Power: 7.0-liter BMW V8 engine with up to 1,250 hp Top Speed: 233 mph Price: Starting around $1.8 million wikipedia
9. Noble M600
Engine Type and Power: twin-turbocharged 4.4-liter V8 engine giving 650 horsepower Top Speed: 225 mph Price: Starting around $330,000 wikipedia
10. Gumpert Apollo
Engine Type: 4.2-liter twin-turbocharged V8 engine Top Speed: 225 mph Price: $300,000 to $450,000 wikipedia
New York New York