Gas prices keep rising

They're up more than 20 cents a gallon since Nov. 6, just as the holiday sales season was getting started. Whether those two or three extra bucks a tankful had any impact on consumer buying decisions in November and December is a debatable point - especially since higher gas prices earlier in 2006 had only a limited effect on the overall economy. And yet the price vulnerability among low-income workers is worth noting. For the week ended Dec. 25, an average gallon of self-serve regular in the Los Angeles area was $2.586, up from $2.549 a week earlier and $2.378 on Nov. 6. The federal government's weekly survey showed that SF and Seattle both had higher prices than L.A.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Letter from Down Under: Welcome to the Homogenocene
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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