L.A. gas prices nearing $4 in new report

This afternoon's government survey shows that a gallon of regular is $3.892, up about 16 cents from just last week. And that's the average - as everyone knows prices are $4 and up at many locations, especially for premium grade. Meanwhile, oil futures were trading in NY at over $105 a barrel, with little sign that prices were peaking out. That has made Wall Street quite nervous - the Dow closed today down 78 points. It's the uncertainty that tends to freak people out - not helped any by a flurry of rumors.