Another jump in gas prices

Get ready for $4-a-gallon gasoline - if not this week, then soon. The government's just-released survey shows that the average price of regular in L.A. is $3.524, which I believe is an all-time high and compares with $3.060 for the week of Feb. 4. Many of us are already paying a good deal more. Oil, meanwhile surged above $108 a barrel in today's trading. Speculators are behind much of the jump in oil prices - crude futures offer a hedge against a falling dollar. And there's no indication that the dollar is about to stop falling.



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?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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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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