LOS ANGELES (CBS) — Rising oil prices are pushing the cost of gasoline to record-levels.

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In Los Angeles and Orange counties, the price of a gallon of gas jumped 5 cents overnight.

At a Shell station in downtown Los Angeles, the price of a gallon of self-serve regular Saturday rose to $4.31; $4.53 for super and $4.49 for diesel, according to CBS2’s Mike Dinow.

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On Friday, the national average was its highest ever for this time of year — $3.69 a gallon, according to Dinow.

Experts say the soaring gas prices are due in part to escalating tensions with Iran over its nuclear program.

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Meantime, President Obama says the only real solution to this challenge is to develop the technology that allows us to use less oil.