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Daily digit: $5.89

Monday, October 08, 2012 - 01:20

October 08 - $5.89 is the record price for a gallon of gasoline some California drivers were forced to pay over the weekend. Conway Gittens reports.

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$5.89. That's today's daily digit. This is the record price fuming drivers have to shell out on a gallon of regular gasoline in the Big Sur area of California, according to gas price tracking website gasbuddy.com. The American Automobile Association, or AAA, says the average price in California for a gallon of regular gasoline surged 50 cents in the past week, which means Californians are paying, on average, at least one dollar more than other drivers around the country. SOUNDBITE FRANK HARRIS (ENGLISH) SAYING: "These prices are just way too high. We have to do something about this." SOUNDBITE: RICHARD BARRERA (ENGLISH) SAYING: "Hurting my wallet, that's for sure. But we all need gas to do our every day things." The Reason for the spike? Supplies are short. A shutdown of a local refinery, a power outage, and other problems with refineries and pipelines have shut in supplies. California Governor Jerry Brown hopes to bring some relief at the pump. He's ordered state regulators to allow winter-blend gasoline to be sold in California earlier than usual, which will add to supplies. Also, power was restored to one of those refineries, so analysts expect prices to stabilize in coming days. Conway Gittens, Reuters

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Daily digit: $5.89

Monday, October 08, 2012 - 01:20