Nightly News | October 05, 2012
>>> and again, we told you last night we have an out of control situation. gasoline prices have been rocketing higher in the last 24 hours . it has gotten even worse getting close to $6 a gallon in some places. others have no gas to sell at all. more on the story.
>> reporter: good evening, since we talked yesterday, things have gone up, take a look. 5.89 as prices in california close in on all-time record highs. just when people in california thought things couldn't get worse.
>> five bucks? oh, my god.
>> reporter: even bigger sticker shock.
>> i had no idea it had gone up this much, you know, just overnight.
>> reporter: prices up another 20 cents a gallon since midnight.
>> how can it go from what was it? 4.70 a week ago? in california , the price is up 36 cents, to 4.49, 67 cents from last year when gas was 3.82. and some stations are topping five dollars, that is if they have gas. many costco stations shut down this week after running out. and independent stations say they can barely break even . wholesale prices are so high.
>> every day, the price is going up, crazy. we have no control in it.
>> reporter: they tried to explain that to customers.
>> chevron's facility down, exxon mobile , tough to find gasoline because of the refinery production taking a big drop.
>> reporter: on thursday, valero the nations largest refinery, announce it would suspend the sales, although it would continue to supply its own gasoline, customers brace. gasoline. while they could bring more big jumps at the pump.
>> it will get worse
>> it will get worse before it gets better.
>> reporter: there are also some high prices on the east coast , relatively speaking, new york and connecticut up over $4, but not seeing these huge price spikes. and brian, experts say here in california we could see it continue to climb for the next few days before we see any relief.
>> just an unbelievable situation in california and elsewhere tonight. thank