$2.95 gas?

It's headed that way. The government's survey released this afternoon shows that an average gallon of self-serve regular in L.A. was running $3.027 for the week ended Sept. 4, down from $3.132 the week before and $3.197 the week before that. A number of stations around town have dipped below $3 in the last week or two. If prices keep falling - and with gasoline you never know - it could become a significant plus for the economy, almost like a tax cut. Richard DeKaser, chief economist at National City Corp. in Cleveland, tells the Christian Science Monitor that lower pump prices will add $2 billion a month in consumer buying power.

Here's a rundown on L.A. prices:
9/4 - $3.027
8/28 - $3.132
8/21 - $3.197
8/14 - $3.248
8/07 - $3.232
7/31 - $3.235
7/24 - $3.265
7/17 - $3.287


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Those awful infographics that promise to explain and only distort
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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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