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The rest of the country is catching up to what Californians have been facing for some time: crazy high pump prices. The latest weekly survey by the Energy Department shows a slight dip in the L.A. area, to an average of $3.42 a gallon for self-serve regular, down from $3.44 the week before. For some reason, Chicago is at $3.53, which is pricier than any major city. NY is a bargain, at $3.10, and Miami is at $3.17. The U.S. average is $3.22. Expect very high prices until at least June because of continued problems at U.S. refineries and lower-than-normal oil imports.
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
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Further fallout from airport shootings
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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.