Gas prices drop again

The big plunge in oil seems to be finally having its effect at the gas pump. For the week ended today, the average price of a gallon of self-serve regular was $2.506 in the L.A. area, down from $2.556 last week and $2.620 the week before. All the cities surveyed by the federal Energy Information Administration saw declines, and in Cleveland, gas was averaging under $2 a gallon. Oil fell 86 cents on the NY Mercantile Exchange today and is now at $51.13 a barrel.

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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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