Gas prices finally settle down

Frankly, there's no way of knowing whether this is a pause or a peak - the experts are split. For the moment, an average gallon of regular in the L.A. area is $4.245, up just a penny or so from last week, according to the government survey. Oil prices, which have been quite volatile, continue to trend upward, although there are other factors that go into the pricing of gasoline. There's also the political element: The Obama administration has formed a task force to look into potential illegal activity in the oil and gas markets (oy, another task force!), and members of Congress are getting into the act as well.


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
Bobcat crossing

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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