Prices have jumped 35 cents in the past month; up 12 cents compared to this time in 2022
Hotel and rental car bookings are up compared to a year ago, signaling the possibility of congested roads as travelers take one last trip during the summer season.Gas prices have fluctuated in the past year. San Diego hit an all-time high of $6.44 per gallon on Oct. 5, 2022, followed by consistent declines that saw the average price settle in the $4.40 range last Christmas. But since the start of 2023, prices have climbed back up.in Los Angeles.
Members of the Organization of the Petroleum Exporting Countries and a coalition of other nations that make up what’s called OPEC+ have in order to boost global oil prices. The move has been backed by oil-producing giants Saudi Arabia and Russia.“We do not issue a formal travel forecast for the Labor Day holiday,” Auto Club of Southern California spokeswoman Anlleyn Venegas said in an email, “but according to our travel booking data for flights, hotels, rental cars and cruises show domestic bookings are up 4 percent and international bookings are up 44 percent compared to the 2022 Labor Day holiday.
Some potential good news may be on the horizon when California gas stations switch from the more expensive summer blend of gasoline to the less pricey winter blend in late October. Fuel analysts estimate that winter blend reduces prices by 20 to 25 cents a gallon. “Once that transition happens, we’ll see a little bit of relief subject to other conditions in the market,” De Haan said. “I do expect that once we get to Halloween and Thanksgiving, prices should be hopefully under $5 a gallon — if there’s no external factors that weigh on the market.”But prices may go up in the eastern half of the country afterDe Haan said the blaze about 30 miles northwest of New Orleans should not affect California gas prices.
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