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Plentiful supplies and flat demand explain the fourth straight week of price declines. An average gallon of regular in the L.A. area is $2.869 per gallon, down 6.3 cents from last week, according to the Auto Club's latest report. Prices are especially low for a July, which is normally the peak of the summer driving season.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.