Michael Green News
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Half of U.S. drivers find the price of gasoline too high at $3.44 a gallon, and almost two-thirds are changing their habits on the road and at home to offset the cost, a AAA survey found.
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Like a horror movie with multiple sequels, The Economy: Spring Swoon IV probably won’t be as surprising or as scary as its predecessors.
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North Korea and its ruling elite are facing additional sanctions after the U.S. and China agreed on a United Nations Security Council resolution punishing the Communist nation for its February nuclear test explosion.
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North Korea carried out its threat to scrap the 1953 armistice that ended the Korean War and cancel a cross-border hotline after the UN Security Council unanimously approved tougher sanctions over a forbidden nuclear test.
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The longest losing streak for gasoline futures since trading began on the New York Mercantile Exchange in 1986 means that prices at the pump will continue dropping through the Nov. 6 presidential election, AAA says.
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Heating oil rose for the first time in seven days, advancing from the lowest settlement since Dec. 10 as it rebounded from technical support levels.
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Britt Harris arrived at the Teacher Retirement System of Texas in 2006 from the world’s biggest hedge fund with a mandate to improve the pension’s performance. He also brought a Wall Street attitude about pay.
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New Jersey drivers waited in two- mile-long lines to buy gasoline as Hurricane Sandy’s devastation of the New York metropolitan area flooded fuel terminals, curbed deliveries and left many filling stations in the dark and unable to run their pumps.
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The 17-day slide in gasoline prices this month may diminish a campaign issue that President Barack Obama’s critics have frequently raised though the decline is unlikely to sway undecided voters.
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Pump prices are at a record high for this time of year in the U.S. after refinery breakdowns tightened supply.
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