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Pump prices fall; oil prices up slightly
Gas prices are finally falling, but motorists shouldn’t expect the numbers at the pump to drop quickly this fall. The national average for retail gasoline fell about a penny Friday to $3.833 per gallon, according to AAA, Wright Express and the Oil Price Information Service. That’s down 4 cents from a week ago, the biggest […]
Government cuts summer gasoline price forecast
NEW YORK — Gasoline prices likely won’t set any records this summer, thanks to a recent drop in the price of oil. The government on Tuesday slashed its forecast for average gas prices to $3.79 per gallon for the summer driving season. That’s down from an initial estimate of $3.95 and below 2008’s record average […]
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 […]
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 […]
Colfax shares surge on 2Q results, outlook
FULTON — Pump and valve maker Colfax Corp. said Friday that its second-quarter profit increased five-fold on easy comparisons to last year’s second quarter, which was weighed down by restructuring charges and litigation expenses. The adjusted results beat Wall Street predictions. Colfax also boosted its profit guidance for the full year. In midday trading, company […]
Pump prices lower ahead of Memorial Day weekend
Drivers getting an early start on the Memorial Day weekend are pulling out of gas stations with a little more cash in their pockets. The national average for unleaded regular gasoline was $3.81 a gallon on Thursday. That’s 9 cents less than it was a week ago, according to AAA, Wright Express and the Oil […]
Retail sales up for 10th straight month in April
WASHINGTON — Consumers spent more on gasoline, clothing and autos in April, pushing retail sales up for a 10th straight month. But much of the gain came from a surge in gasoline and food prices. Retail sales rose 0.5 percent in April after a 0.9 percent increase in March, the Commerce Department reported Thursday. Excluding […]
Post holiday pump prices should slide
Motorists should see pump prices slide again after they spending a little more to fill their tanks over the Labor Day weekend. The national average for a gallon of unleaded regular was $2.682 Tuesday, according to AAA, Wright Express and Oil Price Information Service. That’s 0.5 cent higher than a week ago and 9.9 cents […]
Gasoline pump prices continue to slide
Gasoline pump prices continued to fall on Monday, offering a bright spot for drivers watching their wallets in the uncertain economy. The average retail price for a gallon of unleaded regular was $2.708 a gallon Monday, according to AAA, Wright Express and Oil Price Information Service. It has dropped about 4.2 cents in the past […]
