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Mar 12, 2012

Gasoline prices jump a nickel over the weekend

NEW YORK — The price of gasoline jumped by nearly a nickel over the weekend and is now $3.80 per gallon That’s the highest ever for this time of year. Pump prices have risen an average 52 cents this year as refineries and wholesalers pass along the higher cost of crude oil. And this month […]

Mar 9, 2012

Gasoline prices level off temporarily

NEW YORK — Gasoline prices are lower this week after 39 days of increases, though experts say they should rise again in the spring. The national average, which stayed at $3.758 per gallon on Friday, has dropped about a penny since Monday. Prices are still at the highest levels ever for this time of year. […]

Feb 28, 2012

Dow closes above 13,000 for the first time since May 2008

The Dow Jones industrial average on Tuesday finally reclaimed the ground it held before the carnage of the Great Recession — bailouts, bank failures, layoffs by the million and a stock market panic that cut retirement savings in half. The Dow closed above 13,000 for the first time since May 19, 2008, almost four months […]

Feb 28, 2012

Gasoline hits $3.72 per gallon

NEW YORK — The price of gasoline is continuing its steady climb. Drivers are paying the highest price ever for the end of February. The national average now sits at $3.72 per gallon, up 30 cents from a month ago and 35 cents from the same time last year. Prices are highest in Hawaii, Alaska, […]

Feb 14, 2012

O’Malley elaborates on gas tax proposal

ANNAPOLIS — Gov. Martin O’Malley’s proposal to phase in a 6 percent sales tax on gasoline includes money for local road repairs, rules to make it harder to shift transportation dollars to other purposes and a mechanism to delay implementing the tax if gas prices spike. O’Malley introduced the legislation to General Assembly lawmakers Tuesday. […]

Feb 8, 2012

O’Malley spars with Franchot over gas tax proposal

ANNAPOLIS — Gov. Martin O’Malley fired back Wednesday at Comptroller Peter Franchot for criticism of O’Malley’s gas tax proposal, describing him as “kind of our version of Mitt Romney.” The comptroller responded with a barbed reference to speculation that O’Malley would run for president in 2016. The two Democratic officeholders, who’ve frequently clashe[...]

Feb 7, 2012

Franchot: Gas tax hike is ‘punch to the gut’

ANNAPOLIS – Maryland’s tax collector slammed Gov. Martin O’Malley’s plan to raise taxes on gasoline Tuesday, saying it would deal a “crushing blow” to families and businesses limping through the “flickering economic recovery.” “I’ve gone all over the state. I can’t find anybody who supports this,” Comptroller Peter Franchot said at a briefing he hosted […]

Dec 19, 2011

At gas pump, 2011 was the year of the big squeeze

NEW YORK — It’s been 30 years since gasoline took such a big bite out of the family budget. When the gifts from Grandma are unloaded and holiday travel is over, the typical American household will have spent $4,155 filling up this year, a record. That is 8.4 percent of what the median family takes […]

Nov 16, 2011

Oil hits $100 a barrel with no end in sight

NEW YORK — Oil prices hit $100 a barrel on Wednesday after a six-week surge that may drive gasoline prices higher in coming months and slow the fragile economic recovery. For now, there a few reasons to explain why oil jumped 30 percent higher since early October. One is promising. The U.S. economy continued to […]

Nov 8, 2011

Soaring oil prices don’t cause pain at pump

NEW YORK — Oil prices are soaring again, but motorists don’t need to worry — yet. The price of crude has jumped 22 percent since the beginning of October and is nearing $100 a barrel. For most of the summer, oil prices drifted lower on fears that the U.S. was headed toward another recession. But […]

Nov 8, 2011

Obama to expand drilling off Alaska, in Gulf

WASHINGTON — The Obama administration will cautiously open up more areas in the Gulf of Mexico and off Alaska’s coast to oil and gas drilling. The drilling plans are much narrower in scope than what the administration had said it would consider prior to the Gulf oil spill and what Republicans say is needed to […]

Oct 10, 2011

Marylanders prefer fees to gas tax for road work

Marylanders agree that the state’s roads need work. According to a study to be presented at Morgan State University’s National Transportation Center Symposium Tuesday, residents say the best ways to raise new money to fix the problems are raising inspection and licensing fees for vehicles with the worst gas mileage, and then for other motorists. […]

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