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updated: 10/8/2012 9:38 AM

Feinstein wants investigation of Calif. gas prices

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  • Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday. Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas.

      Costco members fill up with discounted gasoline at a Costco gas station in Van Nuys, Calif., Friday. Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas.
    Associated Press

 
Associated Press

LOS ANGELES -- Sen. Dianne Feinstein has called for a federal investigation into gas prices in California because she doesn't think they are related to supply and demand.

Californians are paying an average of $4.668 a gallon, the highest price in the nation. Many motorists are paying more than $5.

Feinstein says that paying hundreds of dollars every time you fill your tank is unthinkable. For the second time in the last few months, the California Democrat has sent a letter to the Federal Trade Commission asking for an immediate probe.

She also asked in August when gas was 45 cents cheaper.

Gov. Jerry Brown over the weekend ordered state smog regulators to allow winter-blend gas to be sold three weeks early in the state.

Experts are predicting prices will climb to $4.85 before coming down.

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