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They're supposed to work lock-step with the price of gasoline, right? Well, not so far. The Energy Department's weekly survey has the average price of self-serve regular in the L.A. area at $2.620 a gallon, up from $2.587 a week earlier. And get this: crude-oil futures finished the day at $56.09 a barrel, down 22 cents. Prices have fallen 13 percent in the past year.
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
'I Am Woman,' hear them roar
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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.