California gas prices hit an all-time high

By: Associated Press - Texarkana Gazette

Associated Press Gasoline prices higher than $5 per gallon are posted Friday at a Menlo Park, Calif., Chevron station. In California, gasoline prices jumped overnight by as much as 20 cents a gallon ending a week of soaring costs that saw some stations close and others charge record prices. ...

LOS ANGELES—It’s a record, though just barely. 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.

The record was set by a fraction of a penny, according to AAA spokes...

Published: 10/07/2012