Californians hit with unprecedented gasoline price jump

A gas station uses upside-down number 2's as 5's to display prices of gasoline, which has jumped over five dollars a gallon, in Carlsbad, California October 5, 2012. California gas prices rose 17 cents a gallon overnight due to supply disruptions at some refineries and seasonally low inventories, bringing the one-week increase in the Golden State to nearly 36 cents. REUTERS/Mike Blake  (UNITED STATES - Tags: TRANSPORT ENERGY BUSINESS)(Oct 5, 2012) Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon.Prices dropped, however, on the wholesale market, possibly signaling the end to a price spike that has blindsided the state’s car-loving consumers.”It’s insane,” said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. “Especially with this thing,” Hurd, who works in real estate, added, motioning toward his white SUV. “It’s going to cost triple digits to fill it up.”The average retail price of gasoline rose 17 cents to $4.486 on Friday morning. The average price was $4.315 on Thursday and $4.131 a week ago, according to AAA data.”We’re in brand new territory,” said Marie Montgomery, a spokeswoman for the Auto Club of Southern California. “It always seems like just when you’ve seen everything and you can’t be shocked anymore, you are shocked again.”The average price is just 12 cents below the highest recorded statewide price of $4.61, which was reached in June of 2008.

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