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The average price of unleaded regular in the L.A. area is now $3.951 a gallon, according to the government's new survey, which is eight cents lower than last week. It also marks the first time since the middle of May that the average has been under four bucks – what some economists claim to be an important tipping point in terms of demand. For now, it’s all just guesswork, and keep in mind that the oil market remains volatile. It settled above $115 a barrel today.
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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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.