Oil prices resume fall, leaving motorists in the dark

This is why it's so hard to figure out where the price of gasoline is headed. Last week oil futures tumbled to below $100 a barrel (they had been around $113, which is one reason you've been paying so much for gas). But then they began inching up to over $103, and this morning they're back down to about $100. Reason? In a nutshell, lots of bobbing and weaving among traders who don't really know where the market is headed and are hedging their bets.

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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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