Gas prices keep dropping

The federal government's weekly survey shows that in L.A. the average price of a gallon of self-serve regular was $3.34 for the week ended June 4. That's down from $3.38 the week before. In S.F., it was $3.49, and in Chicago, which still has some of the nation's highest prices, it's $3.56. A government forecaster told Reuters that prices have hit a short-term peak and drivers could see a further decline of 5 cents to 10 cents a gallon at the pump this month. One reason for the drop: more refineries are coming back online.

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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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