Gas Prices Stay Steady for Holiday

(LOS ANGELES, Nov. 24, 2010) –Gas prices stopped climbing in most local cities over the last week and drivers are now seeing stable prices in most areas, according to the Automobile Club of Southern California’s Weekend Gas Watch.

The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.146 per gallon, which is seven-tenths of a penny less than last week, two cents higher than last month, and 20 cents higher than last year. In San Diego, the price is $3.153, which nine-tenths of a cent more than last week, one cent above last month, and 21 cents higher than last year. On the Central Coast, the average price is $3.205, up six-tenths of a penny from last week, two cents higher than a month ago, and 21 cents above last year. In the Inland Empire, the average per gallon price is $3.132, which is 1.2 cents lower than last week, one cent higher than last month, and 18 cents more than last year.
“Thanksgiving travelers are paying some of the highest gas prices of 2010 and about 20 cents more than during last year’s holiday,” said Auto Club spokesperson Jeffrey Spring. “However, at the moment most areas are not experiencing further price increases.”
The Auto Club is projecting an 11.2 percent increase in the number of Thanksgiving travelers compared to 2009. About 3.25 million Southern Californians are expected to get away this weekend, and 91 percent of them – or 2.97 million – are expected to drive to their destinations.
The Weekend Gas Watch monitors the average price of gasoline. As of 1 p.m. on Nov. 24, averages are:
Record Price
Los Angeles – Long Beach
     -0.7 cent
 $4.626 (6/21/08)
Orange County
     -0.2 cent
 $4.598 (6/19/08)
San Diego
     -0.9 cent
 $4.630 (6/19/08)
Santa Barbara – Santa Maria – Lompoc
     +0.6 cent
 $4.709 (6/21/08)
Riverside – San  Bernardino
     -1.2 cents
 $4.614 (6/22/08)
      -0.3 cent
 $4.591 (6/24/08)
      -1.2 cents
 $4.625 (6/18/08)