Gas prices up again

The government's new survey has the average price in L.A. at $3.363 a gallon, up about 4 cents from a week earlier. But the numbers may be close to peaking out; an AAA survey shows that pump prices nationwide actually fell over the weekend. And oil remains in the $94-a-barrel neighborhood. The question behind all these figures, of course, is whether consumers will hold back on holiday shopping in order to fill their tanks. That would be bad for the economy, though there's not much sign of that happening so far. (EIA, AP)


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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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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