Another huge jump in L.A. gas prices

Forget about oil prices tumbling - the gasoline market marches to its own, often-mysterious drummers, which is almost always bad news for consumers. It's certainly been that way over the past week: An average gallon of regular in the L.A. area is $3.971, up almost 13 cents, according to the government's survey. Predictably, there are explanations: refinery problems, demand during Labor Day weekend, the storms back east. In the immortal words of Roseanne Roseannadanna, it's always something. The problem with these explanations is that the price of oil has been plummeting for some time (crude futures rose today). Last I checked, you get gas from oil. If oil goes down, you'd expect gasoline to follow. At least you wouldn't expect it to go up 13 cents, right?


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 Mobility stories:
Animation: How people move around Los Angeles
The real meaning of the taxi fight
BART strike to end Tuesday in the Bay Area
Next for CicLAvia: Beach and Wilshire again then the Valley
First flyover ramp opens at Wilshire and the 405

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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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