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Tag Archives: gasoline prices

Report: California carbon tax hikes gas prices 11 cents

SACRAMENTO, Calif. (AP) — The California Legislature’s nonpartisan analyst estimates the state’s pollution tax has raised gasoline prices by 11 cents per gallon and diesel prices by 13 cents, according to a month-old letter released on Thursday. The pollution tax costs drivers collectively about $2 billion a year, Legislative Analyst Mac Taylor said. His staff calculated the estimate in response ...

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Low gas prices drag down US retail sales in February

WASHINGTON (AP) — U.S. retail sales slipped last month, pulled down by sharply lower gas prices, and Americans spent much less in January than previously estimated. The figures suggest that consumers remain cautious about spending despite steady hiring. Retail sales fell 0.1 percent in February, the Commerce Department said Tuesday. Excluding the volatile gas and auto categories, sales rose 0.3 ...

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The Latest: Fed still expects benefits of cheaper gas

The Washington news conference of Federal Reserve Chair Janet Yellen is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, March 16, 2016. The Fed is keeping short-term interest rates unchanged at a range between 0.25 percent and 0.5 percent, citing the risks posed by global economic and financial turmoil. (AP Photo/Richard Drew)

WASHINGTON (AP) — The latest on the U.S. Federal Reserve’s two-day policy meeting, which ended Wednesday. The central bank kept interest rates steady amid uncertainty about the global economy and financial markets. (All times local) 4:00 Federal Reserve officials are still waiting for cheaper oil and gas to boost consumer spending and perk up the economy. Fed Chair Janet Yellen ...

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Gasoline prices take another big jump in North Dakota

BISMARCK, N.D. (AP) — Gasoline prices continue to rise in North Dakota by more than a dime a week. GasBuddy.com reports the average retail price of a gallon of gas rose about 11 cents per gallon in the last week, after rising nearly 11 cents per gallon the previous week and more than 12 cents the week before that. The average ...

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Buffett says US economy weaker than he expected but growing

Warren Buffet Berkshire Hathaway

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett says the collapse in oil prices ...

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Texas retail gasoline prices drops by a penny

Texas, retail, gasoline prices

COPPELL, Texas (AP) — Texas retail gasoline prices dropped by a penny this week, putting the average for a gallon of regular unleaded fuel at $1.52. AAA Texas on Thursday said that average is 63 cents less per gallon than last year. Drivers in Dallas and El Paso are paying the most at $1.56 per gallon. Drivers in Beaumont, Corpus ...

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