Justin Fox, Columnist

Sky-High, Take-It-or-Leave-It Gas Prices May Be the Future

Three retail stations in Los Angeles show us what consumers across the U.S. may be able to expect as electric vehicles take over.

Charging what the traffic will bear.

Photographer: Justin Fox/Bloomberg

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Gasoline prices are up everywhere. But when network news broadcasts need to illustrate just how bad things have gotten, they usually send a reporter to stand in front of one of three gas stations in Los Angeles.

I visited all three on Wednesday. At the Shell station on Olympic Boulevard where it intersects with Fairfax Avenue and San Vicente Boulevard, regular gas was selling for $6.99 a gallon. At the Chevron on Alameda Street between Chinatown and the Pueblo de Los Angeles historic district it was $7.29. Leading the way, at $7.35, was the Mobil on La Cienega Boulevard across from the Beverly Center mall.