Tag: Economy

Pump Prices Ease As Oil Market Digests Economic News

WASHINGTON, D.C. — The national average for a gallon of gas barely budged over the past week, drifting lower by three cents to $3.47. Last week’s decision by OPEC+ to maintain current production levels and not make any cuts led to lower oil prices. But Friday’s blockbuster U.S. report of 517,000 jobs added in January, […]

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The Only Debt Ceiling Deal Is No Deal at All

Still, I think a lot could have gone wrong with the way Democrats messaged around a defense of democracy. When Biden trotted out “ultra MAGA” some months ago, I worried he was more likely to energize the opposition than rally his own troops. But more recently, I heard one of Pennsylvania Governor-elect Josh Shapiro’s final […]

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The Role of Insurance in Climate Adaption

Tropical storms and hurricanes bring immediate and direct economic damage to communities and may also reduce a country’s economic growth for more than a decade. Models that determine climate policy in the United States have been criticized for ignoring the impacts of such extreme weather events over time. A new study highlights a way to […]

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The Great Reshuffle

The Great Resignation, the Great Layoffs, the quiet firings, the quiet hirings, the quiet quitting. Call the current work environment what you will, but at its core, what we’ve got is a Great Reshuffle, where how we work and get compensated may change forever. What Just Happened?  Around 4 million Americans – or 2.6% of […]

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Utah Could Soon Require Schools To Teach That the U.S. Economy Is Globally “Superior”

Arrington went on to attack a government program that hasn’t even happened. “There’s a whole of government assault for all the world to see on an industry: American energy,” he lamented. “And it’s being replaced with this Green New Deal—hundreds of billions of dollars in subsidies, tax credits, grants,” Arrington continued, horrified at the idea […]

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National Average Drifts Lower as Supply Increases

AAA Gas Prices Skip to content Today’s AAA National Average $3.498 Price as of 2/2/23 February 02,2023 Since Monday, the national average for a gallon of regular gasoline has dipped by a penny to $3.49. According to new data from the Energy Information Administration (EIA), gas demand rose from 8.14 to 8.49 million b/d last […]

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Federal Reserve Hikes Interest Rates Up 0.25 Percent, Smallest Increase in Almost a Year

“I don’t think that is likely to happen with the rate hikes to date, but if they were to go much further, I would be very worried,” said Baker. The current economy looks fairly strong, he added, even in some of the sectors most sensitive to changes in interest rates, such as housing, trade, and […]

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How to Fortify Your Cyber Strategy in the Wake of the T-Mobile Hack

We are one month into 2023, and another major cyberattack has occurred. This time 37 million T-Mobile customers were impacted by a “bad actor” who gained access to personal data, including names, addresses, emails, phone numbers, and more. The hack occurred in November, and T-Mobile hired an external cybersecurity team to investigate. The company now […]

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Gasoline Prices Creep Higher, But For How Long?

WASHINGTON, D.C. — The recent run of daily one- to four-cent price increases slowed heading into the weekend, with prices now dipping slightly to start the week. However, increased demand and higher global oil prices pushed the national average for a gallon of gas up eight cents since last week to $3.50. “January’s weather was […]

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No Exit in Sight? Pump Prices Keep Riding Higher

AAA Gas Prices Skip to content Today’s AAA National Average $3.498 Price as of 2/2/23 January 26,2023 Since Monday, the national average for a gallon of regular gasoline has increased by eight cents to $3.50. According to new data from the Energy Information Administration, gas demand rose slightly from 8.05 to 8.14 million b/d last […]

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Pump Prices Surge as Gasoline Demand Rises

WASHINGTON, D.C. (January 23, 2023)—Drivers appear to be taking advantage of the recent milder weather in much of the nation by fueling up and hitting the road. The increase in gasoline demand and slightly more expensive oil pushed the national average for a gallon of gas higher by 12 cents since last week to $3.42. […]

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Davos 2023: Rethinking the Economics of Sustainability

Building sustainability into your business has always been a good idea, but attendees at this year’s Davos are focused on turning that good idea into a good business. Techonomy and Wipro hosted a session that laid out the challenges and opportunities that businesses face daily. One of the themes of the conference is that sustainability […]

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Robust Gas Demand Bucks Seasonal Trend, Pushing Pump Prices Higher

AAA Gas Prices Skip to content Today’s AAA National Average $3.498 Price as of 2/2/23 January 19,2023 Since Monday, the national average for a gallon of regular gasoline has increased by seven cents to $3.37. According to new data from the Energy Information Administration, gas demand rose from 7.56 to 8.05 million b/d last week. Despite […]

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Pump Prices Creep Higher Amid January Doldrums

WASHINGTON, D.C. — The short days and messy weather of January are combining to keep people off the roads, lowering gasoline demand. But the price of oil rose as fears of a global economic recession eased. The national average for a gallon of gas rose by five cents since last week to $3.32. “Gasoline demand […]

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Pump Price Spike Stalls After the Holidays

WASHINGTON, D.C. (January 9, 2023)—The recent surge in gas prices caused by frigid weather and robust holiday road travel may be ending. While the national average price rose daily starting on Christmas Eve, when it was $3.09, the steam may have run out as pump prices flattened and then fell by a penny over the […]

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PUMP PRICES SPIKE WITH HELP FROM ROBUST GAS DEMAND

AAA Gas Prices Skip to content Today’s AAA National Average $3.498 Price as of 2/2/23 January 05,2023 Since Monday, the national average for a gallon of regular gasoline has increased by six cents to $3.28. According to new data from the Energy Information Administration, gas demand rose from 8.71 to 9.33 million b/d last week. However, […]

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Old Man Winter Causes Temporary Price Spike

WASHINGTON, D.C. — The late December winter storm and its frigid temperatures caused gas prices to spike, with refineries as far south as Texas and the Gulf Coast forced to shut down temporarily. The storm also caused holiday travelers to fuel up and hit the road early to beat the bad weather, leading to a […]

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National Average Keeps Falling as New Year Approaches

AAA Gas Prices Skip to content Today’s AAA National Average $3.498 Price as of 2/2/23 December 22,2022 Since Monday, the national average for a gallon of regular gasoline has fallen by four cents to $3.10. According to new data from the Energy Information Administration (EIA), gas demand increased from 8.26 to 8.71 million b/d last week. […]

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The Holidays Bring Gift of Falling Gas Prices

WASHINGTON, D.C. — Holiday shoppers may have a little more jingle in their pockets this year thanks to plummeting gas prices. The national average pump price slid 12 cents since last week to $3.14. There are now about 20 states with averages below $3 per gallon. “The cost of oil, gasoline’s main ingredient, has been […]

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