Gas Price Surge on the Way

Prices up 4 cents overnight, and expected to climb further

By Consumer Bob
|  Sunday, May 13, 2012  |  Updated 9:27 AM PDT
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Gas Price Surge on the Way

Getty Images/OJO Images

A surge in gas prices is sending a shiver up the spine of San Diego drivers.

Prices are up 4 cents overnight in the county and look like they will continue to climb according to Charles Langley, a gasoline analyst at the Utility Consumers Action Network (UCAN).

Fuel supplies have driven up the wholesale cost of gasoline by an estimate average of 31 cents a gallon for independently owned gas stations.

That means prices could skyrocket five to 15 cents by early next week. Earlier this year oil experts predicted a “superspike” in prices by May or June. San Diego’s record high price was in May of 2008 at $4.64 a gallon.

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