
The government's latest survey has the average price of regular in L.A. at $3.682 a gallon, up eight cents from a week ago and up 46 cents from a year ago. Oil was trading today at $107 a barrel. Energy trader Jim Dietz told BloggingStocks that gasoline is being pushed higher, despite flat-to-declining demand. U.S. consumers "are doing their part to take pressure off prices," he said, but triple-digit-oil prices are providing little incentive for gasoline refiners and wholesales to lower prices. The latest CBS News/New York Times poll found gasoline prices to be the number one economic worry, way ahead of the mortgage crisis.
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