Protests grip major Iran cities over gas prices; 1 killed
Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person.
U.S. retail sales dip 0.3 percent in September
Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
Why lower oil prices won’t necessarily boost the U.S. economy
Despite lower prices at the gas pump -- welcome news for the millions of travelers hitting the road during the holiday season -- the drop is unlikely to be a net gain for the U.S. economy.
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Gas prices surge after Harvey strikes refineries
Gas prices have jumped in the wake of Hurricane Harvey, with about 20 percent of refinery capacity along the Texas Gulf Coast offline. The national average for regular gas is now $2.59 a gallon, 23 cents higher than a week…
The petroleum reserve was created in the wake of the 1970s Arab oil embargo and stores oil at four underground sites in Texas and Louisiana.
The price of a gallon of gas is expected to go up this week along the East Coast, due to a leaky gas pipeline in Alabama. The pipeline delivers more than a million barrels of gasoline every day from Gulf…
Plunging oil prices and a local bidding war drove gas prices to less than $1 in one central Michigan town Sunday.
For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population.
With gasoline prices at their lowest in years when the new Congress convened, there had been talk that it might be time to raise federal gas and diesel taxes, which haven't budged in more than 20 years.
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