Index: src/conf.c
===================================================================
--- src/conf.c	(revision 2242)
+++ src/conf.c	(revision 2243)
@@ -940,7 +940,7 @@
 	/* create parents if they do not exist */
 	last = next = path;
 	do {
-		next = strchr(next, '/');
+		next = strchr(last, '/');
 		if (next != NULL)
 			*next = '\0';