LA Biz Observed
 
Bio • Email • Archive
 

 

After several weeks of falling oil prices, gasoline is finally following suit. The Energy's Department's latest weekly survey shows that the average price of self-serve regular in L.A. is 2.556 a gallon, down from $2.620 the week before. But there's a lot of catching up to do. Crude oil in NY closed today at $51.21 a barrel, a 19-minth low. Oil prices have plunged 16 percent this year alone and 35 percent from the record-high in July. So why isn't gas a lot cheaper? Good question.


> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.