by Bill McBride on 10/05/2012 05:56:00 PM
Friday, October 05, 2012
Earlier on employment:
• September Employment Report: 114,000 Jobs, 7.8% Unemployment Rate
• Employment: Somewhat Better (also more graphs)
• All Employment Graphs
Last night I mentioned the soaring gasoline prices in California, here is an update from the LA Times: California facing new record high for gasoline prices
The average price for a gallon of regular gasoline in California jumped a whopping 17.1 cents overnight. That makes it almost certain that the state's motorists will see a new all-time record high for gas sometime this weekend.The following graph shows the recent decrease in gasoline prices. Gasoline prices have been on a roller coaster all year.
Friday's average price for a gallon of unleaded regular in California is $4.486 a gallon, which is by far the highest in the nation.
Analysts have blamed the sudden increase on a recent spate of refinery problems.
Add Los Angeles or San Francisco, and you'll see the graph go straight up!
|Orange County Historical Gas Price Charts Provided by GasBuddy.com|