Crude oil prices hit 19-month high
Crude oil prices averaged $81/barrel in the U.S. this month, the highest reading for West Texas Intermediate (WTI) since it averaged $104 in September 2008. Light, sweet crude for May delivery is trading above $82/barrel on the New York Mercantile Exchange because of renewed confidence in economic recovery among investors. “Relatively good macroeconomic data out ...
Oil Prices Edge Higher
NEW YORK—Crude-oil futures closed marginally stronger on continued confidence in the economy, although a stronger dollar limited some of the gains. Traders were cautious ahead of key U.S. oil inventory data reports. Light, sweet crude for May delivery settled 20 cents, or 0.2%, higher at $82.37 a barrel on the New York Mercantile Exchange. Brent ...
Drivers catch a break as gas prices hold steady
NEW YORK — Motorists filling up for weekend driving caught a small break at the pump Friday, as average retail gasoline prices held steady at the same level as a week ago. Nationwide average retail prices shed less than a penny overnight to $2.811 a gallon. Pump prices are 13.3 cents higher than a month ...
Final Piece of Health Bill Hits Snag
MARCH 25, 2010, 7:36 A.M. ET Associated Press WASHINGTON—The last piece of President Barack Obama’s remake of the nation’s health-care system hit a parliamentary snag early Thursday in the Senate, and appears likely to be headed back to the House for one final vote before becoming law, a spokesman for Senate Majority Leader Harry Reid ...
Warm weather will fuel higher prices at pump
March 24, 2010, 6:30AM Jerry McCrea/ The Star LedgerAt some stations across the state, the price of gas is based on whether one pays by cash or credit card. Gas prices at the pump are on the way up again, and the warm-weather driving season is just weeks away. Gasoline consumption last week rose to ...
Oil drop below $60 will stop new investments-BP CEO
WASHINGTON, March 23 (Reuters) – A drop in oil prices to below $60-$70 a barrel will stop new investments to develop new energy supplies, BP (BP.L) Chief Executive Tony Hayward said on Tuesday. “There’s a floor now of $60 to $70 a barrel,” Hayward said at the Peterson Institute for International Economics in Washington, D.C. ...
Gas prices highest since October, 2008
Gasoline pump prices lingered at a 17-month high on Monday following a steady climb in recent weeks. Nationwide average retail prices remained flat at $2.82 per gallon, the highest level since October 2008. Prices are up 18.6 cents in the past month, according to AAA, Wright Express and Oil Price Information Service. Many experts and ...
After Approval, Now What?
The House passed a broad health care overhaul Sunday after a day of partisan and intense debate. No Republicans voted for the bill. The legislation now heads to the Senate, where it is expected to be approved and signed in to law by President Barack Obama. Here’s a round-up of today’s best commentary: –Ari Emanuel, ...
For gasoline prices, it’s time for the climb
$3-a-gallon range is possible this summer, analysts say While prices at the pump aren’t likely to reach the sticker-shock $4-plus highs of 2008, analysts anticipate gasoline will flirt with the $3-a-gallon mark over the summer, at least partly because of oil price speculation. “We’re hoping that it will level off some, but we’re not convinced ...
10 Best Places for Second Homes
At long last, the market for luxury real estate is coming back to life. Prices for primary residences, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward. In Greenwich, Conn., realty brokers say, ...
