Gas prices going back up, but don't ask why

A couple of crosscurrents at play: The steadily declining price of oil and fears of gasoline supply disruptions related to Hurricane Irene. The supply disruptions appear to have won out. An average price of regular in the L.A. area is $3.842, according to the government survey, up about seven cents from last week. Thing is, the refinery disruptions appear to have been minimal and still the prices are going up - perhaps through the Labor Day weekend. And you thought figuring out the stock market was tough.


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?
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Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar
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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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