Share “Gas prices spike across California”

Gas prices spike across California

Published on NewsOK Modified: February 22, 2013 at 6:47 pm •  Published: February 22, 2013

LOS ANGELES (AP) — It's still February, but California gas prices are springing forward.

The average price of gasoline in the region saw one of the largest one-month leaps since 2000, the Automobile Club of Southern California said Friday. Statewide, the average price of regular gasoline was $4.22, up 12 cents from last week.

Gas prices have spiked between 57 and 59 cents over the past 30 days. The region's largest increase was 70 cents between May and June 2008.

Auto Club officials said the surge can't be attributed to a single factor, but refineries were expected to undergo a heavy maintenance schedule, and large amounts of money have been plowed into contracts speculating that the price of gas and oil will go up.

Californians, however, are used to seeing a hefty price at the pump and might be resigned to paying $4 or more for a gallon of gas.

"We've done this before," said Auto Club spokeswoman Marie Montgomery. "It's definitely not good for consumers."

Last year, for instance, Californians were paying more than $4 a gallon, but there was a slower rise in prices.

Continue reading this story on the...