|Published:||Oct 06, 2012 6:31 AM EDT|
|Updated:||Oct 07, 2012 6:31 AM EDT|
LOS ANGELES (AP) - The price of gasoline has equaled the all-time high in California of $4.61 a gallon.
AAA's Daily Fuel Gauge report released early Saturday says the average price for a gallon of regular unleaded across California rose 12 cents from its Friday mark of nearly $4.49.
Saturday's price, the highest in the nation, equaled the record for California set in June 2008 price of $4.61.
Analysts say California gas price increases are expected to continue for at least several more days before leveling off.
They say the causes of the surging prices include a power outage Monday at a Southern California refinery that reduced supply as well as an already fragile and volatile market.