29_35x90 knx_35x90

Local

Gas Prices Hit Record Highs In Time For Christmas Travel

View Comments
(Photo credit: Kevork Djansezian/Getty Images)

(Photo credit: Kevork Djansezian/Getty Images)

LOS ANGELES (CBS) — Everyone going over the river and through the woods to grandma’s house for Christmas can expect to pay a premium for gas this holiday weekend.

Travel Up For The Holidays: KNX 1070’s John Baird reports.

The average price of a gallon of self-serve regular gasoline in Los Angeles County rose today to its highest amount during a Christmas week, increasing 1 cent to $3.279, breaking the previous record of $3.246 set in 2007.

It’s not much better in Orange County. The average price is in OC also set a Christmas week record, increasing 1 cent to $3.282, breaking the record high of $3.193 in 2007.

Analysts say the higher oil price is the result of anticipated increased demand because of an improved economy.

If you’re going to grandma’s house by air, expect a lot of company there too. The Air Transport Association expects 44.3 million people on U.S. flights between Dec. 16 and Jan. 5 — up 3 percent over the same period a year ago but still below pre-recession travel volume. The average ticket price is $421, up by 5 percent.

A travel warning was also issued regarding insulated beverage containers like thermoses. Air carriers have been alerted about a potential terror tactic involving the containers, a TSA official said.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,378 other followers