LA Biz Observed
 
Bio • Email • Archive
 

 

This is the third straight week of declines, according to the government's new survey, although the drop amounts to less than a nickel a gallon in the L.A. area. The average price of self-serve regular is now $4.566 a gallon. Oil, meanwhile, fell almost $4 a barrel today, to $141.37, helped along by a stronger dollar and evidence of slower demand in Europe. When the dollar strengthens, investors around the world become less willing to buy oil. Don't discount profit taking either.

> | 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.