LOS ANGELES —
It’s a record, though just barely. The price of gasoline has hit an all-time average high in California of $4.6140 a gallon, fueled by a reduced supply and a volatile market.
AAA spokesman Michael Green says Saturday’s price set the record by a fraction of a penny.
The previous high was $4.6096 on June 19, 2008.
Prices throughout the state are expected to increase for several more days before leveling off, after a temporary reduction in supply triggered a price spike.
AAA’s Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.
The Golden State has leapfrogged Hawaii as the state with the most expensive fuel.
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A motorist gases up at a station in the Calabasas area of Los Angeles Saturday, Oct. 6, 2012. The price of gasoline hit an all-time average high in California of $4.6140 a gallon Saturday, fueled by a reduced supply and a volatile market. (AP Photo/Mark J. Terrill) The Associated Press
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October 7, 2012
Calif. gas prices hit all-time high
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