Gas Prices Reach $5 In California

http://www.kptv.com/money/14541270/detail.html

Crude Oil Prices In Range Of Inflation-Adjusted Highs of 80s

The American Automobile Association of California said some drivers are now paying up to $5 a gallon for regular unleaded gasoline.Monterey station KSBW is reporting drivers in Gorda, Calif., are paying $5 for gas.Light, sweet crude for December delivery fell 22 cents to $96.15 a barrel Thursday on the New York Mercantile Exchange, but alternated frequently between gains and losses. Prices fell slightly Wednesday after the government reported a smaller-than-expected decline in crude inventories.Over the past two weeks gas has gone up 15 cents in California alone, according to AAA.