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The Energy Department's weekly survey is just out and the average price of a gallon of a self-serve regular in L.A. was $2.970 for the week ended Sept. 11, down from $3.027 a week earlier and $3.132 the week before that. The last time it was under three bucks was April 17. By the way, oil prices have fallen so sharply - more than $11 a barrel since July - that some of the OPEC ministers are hinting about cutting back on production (we can never win, right?). But in Vienna today, the oil ministers decided to hold production steady - for now.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal 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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One last Florida photo
Signs of Saturday: No refund
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.