Gas at $2.75 a gallon

To be precise, $2.741 in the L.A. area, according to the latest government survey - just in time for the Labor Day weekend. Prices have been falling for much of the summer, largely because refineries stepped up production. Refinery production is a very big deal in determining how much we pay for gas – actually more important than the price of oil. The betting is that prices won't fall a whole lot further, but that they won't jack up either. That's assuming there aren't any hurricanes or massive refinery outages. (EIA)


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
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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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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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