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Who says there's no good news today? The government's latest survey shows that as per-gallon pump prices skyrocket in Chicago, Cleveland and Houston due to Hurricane Ike (40 cents, 43 cents and 23 cents, respectively), the average L.A. price for regular showed a 7 cent decline from last week, to $3.761 a gallon. Unlike locations in the Midwest and East, California does not rely on Texas refineries because of the special anti-emission gas that’s required here. Also, the Texas refineries do not appear to have suffered much damage from the weekend storm. That means there won't be heavy demand from Arizona and other locations to substitute Texas gas with California gas. The big run-up in prices is likely to last only a week or so, as the Texas refineries get back online.

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11:28 PM Fri | Rumors have been flying for the past day or so, and about three hours ago KCAL anchor Pat Harvey tweeted: "Sad day at the duopoly. Some of my co-workers lost their jobs.Want to thank them for their hard work and friendship."
Mark Lacter, LA Biz Observed
2:26 PM Fri | You might recall his being sent off for secretly paying clients to pursue shareholder lawsuits.
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