Get ready for $4-a-gallon gasoline - if not this week, then soon. The government's just-released survey shows that the average price of regular in L.A. is $3.524, which I believe is an all-time high and compares with $3.060 for the week of Feb. 4. Many of us are already paying a good deal more. Oil, meanwhile surged above $108 a barrel in today's trading. Speculators are behind much of the jump in oil prices - crude futures offer a hedge against a falling dollar. And there's no indication that the dollar is about to stop falling.



Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.