Calculated Risk: Here comes $4 Gasoline
Gas prices were rapidly approaching $4 per gallon in Southern California counties in March 2011, with San Diego and Riverside-San Bernardino already exceeding prices from the same period in 2008 (before that year's peak of $4.63). California consistently experiences higher gas prices than most of the country, though the national average was still climbing toward the $4 threshold. The post connects rising fuel costs to consumer sentiment metrics, noting their historical correlation with economic outlook.