$4.69 a gallon, a new high* for L.A. Land

Closing in on five bucks at the corner of Fairfax and Melrose, though I have to admit I'm not familiar with the PRENA gasoline company. I say it's a new high* with an asterisk because, technically, I've published higher ($5.27 in Death Valley), but that wasn't Metro L.A. If you see higher than $4.69, send it to the link below, I'll publish it.

Submitted by SoCal4Hillary to the Pain at the Pump gallery on Your Scene at latimes.com.

Comments

[KateNonymous]

I've seen that station before, and their prices are mysteriously high.

[E]

If you want to see outrageous prices just check out that 76 station in Beverly Hills that has the funky roof.

I think it's on little Santa Monica.

I want to see $10-$15 gallon gas. It would serve the housing bulls right.

[Liv]

I live in weHO, drives by that station, west hollywood is a very expensive area, they are passing their lease to the consumers. Prime property in Melrose Ave.
That is not the ordinary gasoline price. PLEASE DONT START SETTING UP HIGHER STANDARDS!!! :)

[Secret Admirer]

I love this blog. But ... is there any housing news other than Richardson, gas prices, and Mozilo?

As of now, the page has these stories:

- Gas price
- Richardson
- Richardson
- Richardson
- Richardson
- Mozillo
- Bailout
- Richardson
- Gas price
- Gardena auction

[Bob]

You can check here for cheap (sorta) gas. Also links to SD, Orange, etc.

http://www.losangelesgasprices.com/

[CD]

I agree with " secret admirer" could we move on already?
There is plenty going on as per" calculated risk' "oc renter"
and Patrick.net Lets talk about realtards/broker/owner and how many of them are REO ? OC Renter is pretty good at spotting those guys....

[E.]

Perhaps these folks should have considered high gas prices before they tried their "Free car with house!" ploy to attract attention to their listing:

http://www.washingtonpost.com/wp-dyn/content/
article/2008/05/22/AR2008052203735.html?hpid=topnews

[Nelcisco]

that 76 station on little Santa Monica is for lists actors that make $20mil a picture, it doesn't reflect all of L.A..In Whittier
there's an Arco thats still at 3.79 for 87 octain

[E]

Who's this E. (E period) poster? It's not me.

Nelcisco...I know what you mean...it's just fun for shock value. If you really want shock value, drive up the 1 from San Luis Obispo to Lucia (I think that's the name) I'll bet it's over $6.

[Inland Empire]

It was $3.88 a gallon yesterday in the IE.

[GDC]

I agree with secret admirer. I would like some info on how much home prices are dropping in various areas of Los Angeles. Other than Laker and the occasional median price drops, it's hard to find any reliable information on the SoCal housing market.

[Rich]

While you guys have been hollering about housing prices there's a growing oil price bubble that will generate it's own blog soon when we start hitting those $6+ gas prices. Maybe Peter will have to become the king of the bubble blogs and manage that one, too...

[Laker]

GDC, unfortunately finding out the price drops is time consuming as the only true way to do that is to look for listings and closed sales. Then comparing to last sold price for the specific property.

Fortunately, we have that pretty much "done" for us by case shiller index. The imperfections are that it still generalizes pretty much the whole metro LA and thus provides some averaging...
The other big negative is that it lags two months...Next week (end of May and almost June) it will report the "condition" of the housing for March
But if you couple the case shiller with common sense, ECON 101, and your local research of the neighborhood that you're looking at, you would get pretty nice figures. That is exactly what I'm doing.