California Wakes Up To Another Record High Gas Price

Monday, October 8, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/08/2012

Gas stations across California – from San Diego to San Francisco – are seeing increasing price-sensitivity by drivers with lines at the ‘cheapest’ and empty lots at the priciest. It seems yet another weekend of hyperinflating gas prices has pushed the until-now seemingly uncaring-at-the-margin gasoline-‘user’ to seek out rationally lowest prices. Credit card caps at pumps are also causing problems as the typical SUV-driving soccer-mom needs multiple lines to fill up the family people-mover. Gas prices rose 5c on average over the weekend alone to an all-time record high price of $4.668 (for Regular) – up 86c (or 22%) in a year and 12% in a week.

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