October 21, 2014
LOS ANGELES (AP) - 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 leveling 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.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.