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PAIN: California's Insane Gas Prices Just Hit A New All-Time High
9
October, 2012
The
average price of gasoline in California is $4.671 per gallon, up from
$4.668 yesterday. This is according to the latest data from AAA's
Fuel Gauge Report.
This
is a new all-time high.
California's
gas supply has been squeezed by refinery outages, which are slowing
coming back online.
However,
analysts point to the deceleration in th price increases as a welcome
sign that the worst may soon be over.
California
Governor Jerry Brown is pushing for an emergency action to relax an
EPA requirement that prevents gas stations from selling a cheaper
winter blend of gasoline before November.
Should
this be approved, gas prices could fall precipitously.
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