Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Gas is High, Why?

LAist relies on your reader support, not paywalls.
Freely accessible local news is vital. Please power our reporters and help keep us independent with a donation today.
5b2c5fec4488b30009282a0c-original.jpg

Now here's something par for the course: President Bush blames congress for the high price of gas.

On the business side of things, Mark Lacter notes that "Royal Dutch Shell and BP both reported record first-quarter numbers, beating analysts’ expectations. Shell’s net income rose 25 percent to $9.08 billion. Exxon Mobil and Chevron are set to report later this week." (Emphasis added)

In Los Angeles, the average price of a gallon of regular gas is $3.87, but to find it hovering around $4.00 is not a hard expedition. The lowest gas average in the past 12 months was $2.68 at the end of August.

Support for LAist comes from

Previously: $7 Gas Coming: Tipping Point for Public Transit, Bicycles & Alternative Cars

Photo by Zach Behrens/LAist