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We're well into unchartered territory. The per-barrel price of crude was reached in after-hours electronic trading after the Energy Department reported unexpected declines in U.S. crude inventories and refinery operating rates. The per-gallon gas price is what my neighborhood Chevron in Westwood was charging this afternoon for premium. Regular is selling for $3.95.

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11:55 PM Mon | Back home in Echo Park, the former director of communications for the National Endowment of the Arts talks about discovering that in politics, being right is no substitute for looking like you're right.
Mark Lacter, LA Biz Observed
5:13 PM Mon | NY Attorney General Andrew Cuomo has settled with two L.A. private equity firms in connection with an ongoing corruption probe.
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