Calif. gasoline prices hit all-time high – twice
California’s gasoline price misery is worsening, with prices exceeding $5 a gallon at some stations.
Analysts say relief may be on the way, with a decline possible in coming days or weeks as supplies stabilize and California refineries — some beset by unexpected shutdowns — restore production and make the annual fall shift to an easier-to-produce winter blend.
“Probably by the middle of this week, people are going to start to see some improvements” in price, Gregg Laskoski, senior petroleum analyst with GasBuddy.com, said Sunday.
That relief can’t come soon enough for California motorists. They have seen daily jumps in average prices hit a record $4.655 a gallon statewide for regular on Sunday. That’s up nearly 17 cents a gallon from Friday’s average prices and up 48 cents a gallon from a month ago, according to AAA’s Daily Fuel Gauge Report.