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July 25, 2008 8:20:52 AM CDT

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Stories related to: energy prices

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11 Stories

  • June 2008

    • Oil, Earnings Woes Key Retreat

      newser  |  MarketWatch  |  Jun 18, 08 3:34 PM CDT

      Oil, Earnings Woes Key Retreat

      The markets retreated today, battered by the familiar convergence of high oil prices and poor business performance, MarketWatch reports. Amid signs of broader malaise, financials dropped, and crude again topped $135 per barrel. The Dow fell 131.24 to close at 12,029.06. The Nasdaq lost 28.02 to 2,429.71, and the S&P 500 lost 13.12, settling at 1,337.81. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Lehman Brothers  • Morgan Stanley  • energy prices  • FedEx  • Fifth Third

    • Fuel Prices Drive Spanish Truckers to Protest

      newser  |  EiTB24  |  Jun 9, 08 4:40 PM CDT

      Fuel Prices Drive Spanish Truckers to Protest

      Spanish truck drivers went on strike at midnight to protest skyrocketing fuel prices, erecting blockades across the country and snarling traffic on the border with France, the EiTB network reports. Drivers who attempted to continue operating found their tires slashed, windshields smashed and headlights destroyed. Fuel prices in Spain have risen more than 35% this year. More »

      Tags

      gas prices  • Spain  • strike  • diesel  • energy prices

  • May 2008

    • Dow Hikes Prices 20% on Chemicals in Many Products

      newser  |  Wall Street Journal  |  May 29, 08 2:20 PM CDT

      Dow Hikes Prices 20% on Chemicals in Many Products

      Skyrocketing energy costs prompted Dow Chemical to bump prices up to 20% yesterday on compounds that are the building blocks for thousands of consumer products, fanning inflation fears. Dow, one of the world’s largest chemical companies, ripped Washington for an energy policy it says has raised its energy costs 42% from a year ago, reports the Wall Street Journal. More »

      Tags

      core inflation  • energy prices  • Consumer Price Index  • Dow Chemical Co.  • DuPont

  • February 2008

    • Bernanke Signals New Rate Cuts

      newser  |  Wall Street Journal  |  Feb 27, 08 9:15 AM CST

      Bernanke Signals New Rate Cuts

      Federal Reserve Chairman Ben Bernanke today said that the board stands ready to cut interest rates again to give the economy "adequate insurance against downside risks," reports the Wall Street Journal. The move, which follows 2.25% in cuts to the key rate since September, is widely expected at the Fed's March 18 meeting. More »

    • $100 Oil Fuels Recession Fears

      newser  |  Christian Science Monitor  |  Feb 21, 08 12:47 PM CST

      $100 Oil Fuels Recession Fears

      Oil prices have jumped 16% in two weeks, and analysts tell the Christian Science Monitor the run-up couldn't come at a worse time. As the US economy flirts with recession, beleaguered consumers could end up spending their economic stimulus checks to cover even higher gas prices. The $101.32 per barrel oil gushed to yesterday is attributed to cuts in production and fears that OPEC may trim output further at its meeting next month More »

      Tags

      oil price  • recession  • gas prices  • oil  • inflation  • crude oil  • OPEC  • oil production  • $100 a barrel oil  • energy prices

  • December 2007
  • November 2007

    • Southwest Unveils Perks for Biz Flyers

      newser  |  MarketWatch  |  Nov 7, 07 9:28 PM CST

      Southwest Unveils Perks for Biz Flyers

      Southwest unveiled today a raft of new initiatives designed to shore up revenue, including new pricing plans that benefit business travelers. The discount carrier’s new “business select” program will price seats $10-30 higher than regular fares. In exchange, Southwest, which doesn’t assign seats on its flights, will guarantee business travelers first access to the plane and a complimentary cocktail. More »

      Tags

      airline industry  • Southwest Airlines  • energy prices  • business travelers  • Gary Kelly  • discount carriers

  • October 2007

    • China's Still Booming, but What About Inflation?

      newser  |  New York Times  |  Oct 25, 07 8:37 PM CDT

      China's Still Booming, but What About Inflation?

      China's economy is booming and inflation is in check, but for how long? Third quarter growth swelled the economy by 11.5%, putting China ahead of Asian rivals India and Vietnam, and inflation dropped to 6.2%. Beijing says it will keep falling, but inflationary fears sent the Shanghai stock market down 4.8% today, the New York Times reports More »

      Tags

      China  • inflation  • world economy  • energy prices

    • More People Skipping Basics to Pay the Bills

      newser  |  Associated Press  |  Oct 19, 07 7:40 PM CDT

      More People Skipping Basics to Pay the Bills

      More Americans are skipping breakfast and other basics just to pay the bills, the AP reports. With gas hitting highs this year and food prices up as much as 44%, even $35,000-plus wage earners are lining up for food, and food banks report acute shortages. One consultant says he hasn’t seen buyers in such straits since the recession of 2000-2001.  More »

      Tags

      recession  • Wal-Mart  • food prices  • hunger  • consumer prices  • energy prices  • food banks  • 7 Eleven

  • September 2007

    • US Gas Supplies Hit 2-Year Low

      newser  |  Reuters  |  Sep 6, 07 6:00 PM CDT

      US Gas Supplies Hit 2-Year Low

      The nation's gas inventory slipped last week to its lowest level since Hurricane Katrina decimated stockpiles 2 years ago, but officials aren't worried. "We're at the end of the summer and demand should start declining over the next several weeks," one analyst told Reuters. The current supply is enough to fuel the US for 19.83 days. More »

      Tags

      gas prices  • gas  • energy prices  • oil refineries

  • May 2007

    • A Steak-House View of the Economy

      newser  |  Slate  |  May 30, 07 4:01 PM CDT

      A Steak-House View of the Economy

      High-end steak houses like Ruth's Chris and Peter Luger are a great place to study trends affecting the US economy, argues Slate 's Daniel Gross. The price of sirloin, for instance, reflects the recent spike in energy prices, as demand for ethanol has raised the price of corn, which is what Gross calls a major "input" into that side of beef. More »

      Tags

      US economy  • business  • energy  • ethanol  • economics  • economic indicators  • beef  • energy prices  • steak

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