On or around April 21 ...

Gas prices stopped rising for most of the country, but continued in California (Los Angeles and San Francisco charts are nearly identical).



Source: losangelesgasprices.com

Here in Los Angeles, the rise to $3.33 is causing a lot of pain. If the prices had continued to rise for all regions in the nation, the howls of protest would be even louder than they are now. It's not clear why this dislocation in trends took place two weeks ago. Is it a sign of pending price declines? Will the California experience of mid-three-dollar gas prices spread to other states? Stay tuned.


posted by Quiddity at 5/04/2006 06:11:00 PM