Places like Campbell and Menlo Park in the Bay Area suburbs are experiencing soaring rent prices — both by year and month.

The cost of gasoline in California is approaching $5 per gallon. High gas prices have a significant effect on the local economy.

California gas prices rose for the second consecutive week and reached an average of $4.25 per gallon of regular fuel on Monday, up from last week's price of $4.22 per gallon, according to the U.S.