Gasoline prices in California hit all-time high
Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday, Oct. 5, 2012. (AP Photo/Damian Dovarganes)
Published Saturday, October 6, 2012 11:28AM EDT
Last Updated Saturday, October 6, 2012 2:12PM EDT
LOS ANGELES -- It's a record, though just barely. The price of gasoline has hit an all-time average high in California of $4.6140 a gallon, fueled by a reduced supply and a volatile market.
AAA spokesman Michael Green says Saturday's price set the record by less than a tenth of a penny.
The previous high was $4.6096 on June 19, 2008.
Prices throughout the state are expected to increase for several more days before levelling off, after a temporary reduction in supply triggered a price spike.
AAA's Daily Fuel Gauge report released Saturday said the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of about $4.49.
The Golden State has leapfrogged Hawaii as the state with the most expensive fuel.