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Tag Archives: gas prices

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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Texas retail gasoline prices jump 8 cents this week

texas retail gasoline prices increase

COPPELL, Texas (AP) — Retail gasoline prices across Texas have jumped an average 8 cents this week. AAA Texas on Thursday reported the average price at the pump rose to $1.60 per gallon. Nationwide gasoline prices are up 9 cents this week to reach an average $1.80 per gallon. The association survey found Dallas has the most expensive gasoline this ...

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Gas prices drop 5 cents over past 2 weeks, to $1.77

CAMARILLO, Calif. (AP) — The average price of gasoline has dropped 5 cents over the past two weeks, to $1.77 a gallon. Industry analyst Trilby Lundberg said Sunday that the price is 56 cents per gallon cheaper than a year ago. Lundberg says it’s less likely that gas prices will continue to slide because crude oil prices are almost unchanged ...

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Facts and figures show the impact of low oil prices

Lonely gas station with palm tree

The impact of sharply lower oil prices is being felt around the globe. Oil-dependent countries are trying to mend busted budgets. Oil companies are cutting production and workers. While consumers in some countries enjoy lower gas prices, elsewhere consumers are paying higher food prices due to declines in the local currency. Some facts and figures to explain the regional impact: ...

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