Archive for "gas prices"

News From Around the Web: March 28 Edition

March 28th, 2012

In today’s top news, Chaka Khan and friends record Trayvon Martin tribute, Magic Johnson and partners make record purchase of L.A. Dodgers for $2 billion and the Supreme Court holds its final day of arguments on Obama’s historic health care law

Chaka Khan and friends record Trayvon Martin tribute. [BET]

Magic Johnson and partners buy L.A. Dodgers for $2 billion. [AP]

Supreme Court holds its final day of arguments on Obama’s historic health care law. [Reuters]

Gas prices reach $4 and above in 10 states and Washington. D.C. [CNN]

Some Hunger Games fans post racist comments to Twitter in disappointment over casting of Black actors. [BET]

Basketball Wives star Tami Roman suffers a mild heart attack. [BET]

U.N. human rights chief says Syria is targeting children. [BBC]

The Red Cross considers building a hotel in Haiti. [AP]

Mega Millions jackpot reaches record $476 million. [MSNBC]

France seeks arrest of Equitorial Guinea president’s  “playboy” son for money laundering. [Reuters]

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Same Old Story: Gas Prices Are Blowing Up

June 15th, 2009

It’s true that gas prices are nowhere near the $4 they were last year this time. But with so many people out of work and the economy staggering as it is, the sting of rapidly rising petroleum prices are hurting as badly as they ever have. Over the past two weeks, the average price per gallon of self-serve regular gasoline has risen nearly 17 cents, to $2.66. Granted, gas is still $1.34 lower than last year in June “It’s a direct result of continued increases in the price of crude, with crude oil itself responding to a flight from the weaker dollar on the expectation of rising inflation from federal monetary policy,” says Lundberg, who publishes the Lundberg Survey. “Demand is not increasing. It is shrinking.” Here are where some gas prices stand in cities nationwide: On the low end, it’s Tucson, Ariz., at $2.41, for a gallon of self-serve regular. The other extreme is San Francisco, at $2.99. In between are: Houston, Texas: $2.45; St. Louis, Missouri: $2.45; Denver, Colorado: $2.49; Atlanta, Georgia: $2.52; Boston, Massachusetts: $2.63; Seattle: $2.82; Chicago: $2.92

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