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Beef recall announced over E. coli fears
NEW YORK, Dec. 14 (UPI) -- Gasoline prices dipped to an average $1.84 a gallon in the United States as crude prices dropped this week, the AAA Motor Club reported.
While nationwide average gas prices dropped 13 cents a gallon during the past month, they remain well above the $1.47 average of a year ago. The price drops came as crude oil prices dropped to nearly $41 a barrel this week.
Truckers who rely on diesel fuel and Northwest Airlines told the Detroit News the drop in prices is welcome news to their bottom line. Northwest said a one-cent change in gas prices means $18 million to the airline.
Tom Kloza, chief oil analyst for "Oil Price Information Service," told the newspaper to enjoy the lower prices while they last. "I can tell you in the first and second quarter of 2005, the prices will go up again," Kloza said.
The AAA Motor Club said the highest average prices for gasoline are in Hawaii at $2.44 a gallon; California, $2.16; and New York State, $2.06. The lowest prices are in Oklahoma at $1.66; Ohio, $1.67; and Missouri $1.68.
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ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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