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