bullish!!
3.06 national average now on gas...all time high is 3.227
http://www.fuelgaugereport.com/
California Gas Prices Reach $5 In Some Areas
Worldwide Oil Demand Rising
POSTED: 4:45 pm PST November 7, 2007
UPDATED: 11:32 am PST November 8, 2007
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SACRAMENTO, Calif. -- The American Automobile Association of California said some drivers are now paying up to $5 a gallon for regular unleaded gasoline.
Crude oil prices hit an all-time high Wednesday, above $98 a barrel and analysts said with worldwide oil demand rising -- it is still not clear just how high prices will go.
In Salinas, AAA recorded an average of $3.39 per gallon. Santa Cruz is at an average of $3.37 per gallon.
KSBW checked and found gas in Gorda, south of Big Sur, is even higher. Drivers there are paying $5 for gas.
Over the past two weeks gas has gone up 15 cents in California alone, according to AAA.