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 This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. Lou says:

    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

  2. Brian says:

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

  3. David Starr says:

    The article was missing one recommendation to save on gas, there is
    an outfit called MyGasDiscount.info, 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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