Asphyx

When running rake db:create

I get this error

could not connect to server: No such file or directory
Is the server running locally and accepting
connections on Unix domain socket "/var/run/postgresql/.s.PGSQL.5432"?
Couldn't create 'myapp_development' database. Please check your configuration.
rake aborted!
ActiveRecord::NoDatabaseError: could not connect to server: No such file or directory
Is the server running locally and accepting
connections on Unix domain socket "/var/run/postgresql/.s.PGSQL.5432"?

Caused by:
PG::ConnectionBad: could not connect to server: No such file or directory
Is the server running locally and accepting
connections on Unix domain socket "/var/run/postgresql/.s.PGSQL.5432"?

Tasks: TOP => db:create
(See full trace by running task with --trace)

How do i fix this?