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The Price We Pay For Living Here, Other Than The High Price For Everything Else
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Last week, I told you that California is, for reasons that are unclear, experiencing skyrocketing gas prices. But if you want to know what "skyrocketing" means, I'll tell you: we've seen prices go up almost a dollar in a week, including hikes of 15 or 25 cents overnight. And as I said last week, there's nothing going on that justifies that price hike. Nothing. There's no supply problem, no refineries off-line, and the summer formulation for gas here, while expensive, hasn't changed from last month. Speculators have just driven the price up because they can, and we have to pay. (KCBS-TV/Los Angeles)
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