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Gas Averages to $4 in NorCal, 10-Cents Less in LA

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It's just the new reality. Regular gas ia averaging at $4 a gallon in Northern and Central California. In the Los Angeles area, it's $3.902, "which is another record and 50 cents higher than a year ago," Mark Lacter noted at LA Business Observed.

But he says there is a reason to be optimistic (you're finally buying a bike and got a monthly Metro pass?!) "Oil prices have edged downward in recent days (though they're up this morning), and spring price spikes often peak in May."

However, some say prices are expected to go Euro by 2012 at $7/gallon. Hey, it might actually be cost effective to get that $100,000 Tesla Roadster.

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Photo by iboy_daniel via Flickr