New day, new arrest for former NASCAR driver Jimmy Neal -- who was busted in Orange County, CA today for alleged drug possession ... it's his third arrest in less than a month.
This mug shot is actually from Neal's last arrest -- on Monday for attempted rape. Cops tell us Neal just bonded out of jail for that last night.
According to the Orange County Sheriff's Department, today's arrest came after Neal's bail bondsman allegedly observed him in a motel with methamphetamine and narcotic paraphenalia.
The bail bondsman alerted police, and Neal was picked up -- again -- for possession.
Neal's second arrest also came hours after getting out of jail for his first arrest -- for speeding ... way back on May 18th.