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.