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Price of Gas Going into 'Unchartered Territory'

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Mark Lacter at LA Biz Observed is reporting that "the per-barrel price of crude was reached in after-hours electronic trading after the Energy Department reported unexpected declines in U.S. crude inventories and refinery operating rates."

That means a barrel is now $115.31 easily tipping gas over $4 in the Los Angeles area. "Prices are up 4.4 percent this week and 82 percent from a year ago," reports Bloomberg.

Lacter reports regular is going for $3.95 at the Westwood Chevron. What's the price at your local gas station?

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Photo by LAist News Editor Andy Sternberg