Gas Prices Hit Record Highs In Time For Christmas Travel

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 This material may not be published, broadcast, rewritten or redistributed.)

  • Lou

    That’s a bunch of bull the reason we have higher gas prices is Obama is destroying the dollar. Oil is bought with dollars and if Obama keeps printing dollars it becomes weak

  • Brian

    Going from 3.246 to 3.279 is a 3 CENT increase geniuses!!!!

  • David Starr

    The article was missing one recommendation to save on gas, there is
    an outfit called, I joined them (it doesn’t cost anything
    to join) and then when I fill up, I keep the receipt and mail it in to get a
    50% rebate on the amount I spent for gas. However, there is an upper
    limit that you can do each month I think it is $200 or something like
    that — but believe me an extra couple of hundred bucks a month gives
    my family our weekly trip to the movies again… or you can always buy
    more gas.. LOL

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