Auto Club: Motorists Gobble Holiday Savings At the Gas Pump; Second Straight Week of Lower Prices

    LOS ANGELES--Nov. 28, 2002--Motorists traveling over the river and through the woods this Thanksgiving holiday weekend will be greeted by lower gasoline prices in most areas, according to the Weekend Gas Watch, compiled by the Automobile Club of Southern California.
    The Weekend Gas Watch monitors the average price of gasoline at popular destinations for motoring trips.
    Currently, the average price of self-serve regular unleaded gasoline in the Los Angeles-Long Beach area is $1.576 per gallon, which is 1.4 cents lower than last week's price, 5 cents higher than last month and 38 cents higher than last year.
    In San Diego the price is $1.651 which is 1.3 cents lower than last week's level, 5 cents above last month and 27 cents more than last year. Motorists in the central coast have an average price of $1.646, which is unchanged from last week's price, 4 cents above last month and 32 cents higher than last year.
    "Even though many people take driving trips during the holidays, the overall demand for gas is weak and that helps to push pump prices lower," Auto Club spokesperson Carol Thorp said. "This is the second consecutive week for price declines in our area."

Average prices as of 12:01 a.m., Nov. 28:

Area                        Regular    Change from    Record Price
                                        last week

Los Angeles-Long Beach      $1.576      -1.4 cents    $2.036 (5/25/01)

San Diego                   $1.651      -1.3 cents    $2.025 (5/29/01)

Santa Barbara-Santa Maria-
Lompoc                      $1.646       unchanged    $2.069 (5/16/01)

Las Vegas                   $1.445      -0.6 cents    $1.885 (3/27/00)

Phoenix-Mesa, Ariz.         $1.369      -0.7 cents    $1.720 (5/30/01)