LA Biz Observed
 
Bio • Email • Archive
 

 

And we do mean inching - the government's latest survey shows less than a two-cent increase in the average price of self-serve regular in L.A., to $3.916. Not that the price of oil is flagging. Crude settled at a new record of $127.05 a barrel, a gain of 76 cents (OPEC is unlikely to boost production later this year). Thin refinery margins are the only thing between us and even higher gas prices, but that could change this summer as folks start hitting the road and demand picks up. That’s when everybody starts paying more than $4 for gas.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.