Editors note: Weekend Gas Watch is being issued one day early due to the holiday.
Gas price averages in Los Angeles, Bakersfield and Ventura set new all-time records today just as millions of Southern Californians are hitting the road for Thanksgiving, according to the Auto Club’s Weekend Gas Watch. The average price for self-serve regular gasoline in California is $4.705, which is two cents higher than last week and just a bit below the all-time record price of $4.706 reached on Monday. The average national price is $3.40, which is down a penny from a week ago.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $4.706 ($4.71) per gallon, which is two cents higher than last week, 16 cents higher than last month, $1.57 higher than last year, and one-tenth of one cent above the previous record price, $4.705, set on Oct. 9, 2012. In San Diego, the average price is $4.66, which is up two cents from last week, 16 cents higher than last month, $1.52 higher than last year, and six cents below its all-time record price.
On the Central Coast, the average price is $4.66, which is three cents higher than last week, 16 cents higher than last month, $1.46 higher than last year, and five cents below the record. In Riverside, the average per-gallon price is $4.63, which is two cents higher than last week, 17 cents higher than last month, $1.54 higher than last year and five cents below the record. In Bakersfield, the $4.65 average price is three cents higher than last week, 18 cents higher than last month, $1.54 higher than a year ago today and one cent higher than the previous record price on Oct. 9, 2012.
“Northern California gas prices have already begun backing down slightly and we expect Southern California prices to follow suit shortly given that Los Angeles wholesale prices have dropped from their one-year high reached on Nov. 11,” said Auto Club spokesman Jeffrey Spring. “As 3.8 million Southern California Thanksgiving travelers hit the road and then return home after the holiday, they should keep in mind that they can save on their fuel usage by properly inflating their tires and avoiding high-traffic periods such as this afternoon and evening.”
The Weekend Gas Watch monitors the average price of gasoline. As of 9 a.m. on Nov. 24, averages are: