Auto Club: Thanksgiving Travelers Will See Slight Increases at the Gasoline Pump

Weekly Fuel Prices Report

(LOS ANGELES, Nov. 26, 2003) — Thanksgiving holiday travelers will see nominal gasoline price increases this week as they travel throughout the Southwest, according to the Automobile Club of Southern California�s Weekend Gas Watch.

Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles–Long Beach area is $1.734 per gallon, which is 1.1 cents higher than last Friday, Nov. 21. This price is 4.5 cents lower than last month and 15 cents higher than last year. In San Diego, the price is $ 1.745, which is one cent above last week�s level, 3 cents below last month and 8 cents higher than last year. Motorists in the central coast pay an average price of $1.836, which is 1.5 cents lower than last week�s price, 4 cents below last month and 19 cents higher than last year.

"Demand has increased over last month as the state and national economy continue to pick up speed," said Carol Thorp, Auto Club spokesperson. "But as long as oil prices, production and distribution remain stable, gas prices also should remain relatively stable as well for the remainder of the year."

The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.

Average prices as of 12:01 a.m., Nov. 26:

Area Regular Change from last week Record Price
Los Angeles–Long Beach $1.734 +1.1 cents $2.167 (3/22/03)
San Diego $1.745 +1.0 cents $2.211 (3/20/03)
Santa Barbara–Santa Maria–Lompoc $1.836 +1.5 cents $2.233 (8/27/03)
Las Vegas, NV $1.697
+0.7 cents
$2.063 (3/25/03)
Phoenix-Mesa, AZ $1.561 -0.7 cents $2.146 (8/26/03)

###