In just one week, there was an 11-cent-a-gallon drop in the average price of self-serve regular in Los Angeles. It's now at $3.195, according to the government's latest survey. Fed forecasters keep telling us that we should enjoy the ride while it lasts - that prices are headed back up this summer. Even so, gas prices just aren't the economic indicator they were 20 or 30 years ago.
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