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California Wakes Up To Another Record High Gas Price

Posted By yihan On October 8, 2012 @ 9:01 am In Money Watch,Tile | Comments Disabled

Zero Hedge [1]
October 8, 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.


California Wakes Up To Another Record High Gas Price 20121008 gas [2]


Source: AAA [3]


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-10-08/california-wakes-another-record-high-gas-price

[2] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2012/09-2/20121008_gas.png

[3] AAA: http://fuelgaugereport.opisnet.com/CAavg.asp

[4] Oil price hits record high: http://www.prisonplanet.com/oil-price-hits-record-high.html

[5] The Price Of Corn Hits A Record High As A Global Food Crisis Looms: http://www.prisonplanet.com/the-price-of-corn-hits-a-record-high-as-a-global-food-crisis-looms.html

[6] Sky-high gas prices in California reveal energy infrastructure ripe for sudden collapse: http://www.prisonplanet.com/sky-high-gas-prices-in-california-reveal-energy-infrastructure-ripe-for-sudden-collapse.html

[7] Motorists fume at ‘profiteers’ as price of petrol goes UP despite huge falls in oil price: http://www.prisonplanet.com/motorists-fume-at-profiteers-as-price-of-petrol-goes-up-despite-huge-falls-in-oil-price.html

[8] Gas prices set a record in California: http://www.prisonplanet.com/gas-prices-set-a-record-in-california.html

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