Sunday, October 7, 2012

U.S. Gas Prices Shatter Records

U.S. Gas Prices Shatter Records, A supply cutoff sends the price above $5 per gallon in one state, shocking motorists. Calif. gasoline prices hit all-time high - twice, California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way.

In its latest update early Sunday, AAA reported that statewide average price for a gallon of regular unleaded gasoline is $4.655. Saturday's average of $4.6140 was the highest since June 19, 2008, when it was $4.6096.

The four-penny-per-gallon jump Sunday was less than Saturday's increase, which was 12 cents.

Sunday's price, like Saturday's, was the highest in the nation, with the Golden State leapfrogging Hawaii as the state with the most expensive fuel due to a temporary reduction in supply. Californians are paying 24 cents per gallon more than motorists in Hawaii, according to the AAA report.


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