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Tag: prices

U.S. gas prices moving lower, but could still be volatile

U.S. gas prices moving lower, but could still be volatile

Business
July 24 (UPI) -- Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail price of $ 2.84 for a gallon of regular unleaded gasoline, unchanged from Monday and about 3 cents per gallon lower than last week. According to AAA's records, gas prices are at their lowest level since May. "July gas prices have been on a roller coaster ride, but appear to be on a downward slope at the moment," AAA spokeswoman Jeanette Casselano said in a statement. "If demand and supply stay consistent, prices have the potential to stabilize barring any major events - geopolitical or natural disasters." Climate forecasters at the National Ocean and Atmospheric Administration,...
Higher oil prices means higher gas prices

Higher oil prices means higher gas prices

Business
July 10 (UPI) -- Consumer demand strains and the lack of extra oil on the global market mean retail gas prices in the United States continue to climb, analysts said. Motor club AAA lists a national average retail price of $ 2.86 for a gallon of regular unleaded gasoline on Tuesday, relatively unchanged since one week ago. Americans returned to work this week after a long holiday to mark Independence Day with gas prices at four-year highs. "As gas prices saw their highest level on July 4 in four years, President Trump continues to try to push OPEC to produce more crude oil, but so far, it hasn't materialized into much of anything," Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a separate statement. "Gas prices have inched up in a majority of states and oil prices remain...
House prices: The areas where homes never cost £1m or more

House prices: The areas where homes never cost £1m or more

Business
Tens of thousands of £1m-plus homes have been sold in the last 10 years - but in 16 areas of England and Wales no property topped the £1m mark.While one-bedroom flats can sell for millions in London, the most luxurious properties in areas from Gateshead to Gloucester cost less than £1m.A delve into Land Registry data by the BBC in May revealed that sales of £1m-plus homes hit a new high last year.Fresh research shows where property has not collected a seven-figure sum. 'We have people retiring to here'Stoke-on-Trent is famously a capital of ceramics but it is not the pottery, but the property, that is attracting some people here.In the window of estate agent Reeds Rains ar...
Tesco and Carrefour say 'strategic alliance' will cut prices

Tesco and Carrefour say 'strategic alliance' will cut prices

Business
Tesco says it is planning a "strategic alliance" with French retail giant Carrefour, as the two try to use their joint buying power to cut costs and offer lower prices to customers.The two plan a "strategic relationship" when dealing with global suppliers, and the tie-up will also mean sharing their own-brand products.The move comes as retailers face an increasingly competitive environment.Tesco is the UK's largest retailer while Carrefour is Europe's largest.Last year, Tesco - which employs 440,000 people - reported profits of £1.3bn with sales of £57.5bn. Carrefour operates 12,300 stores across more than 30 countries, employing about 375,000 people worldwide. Last year, it had sales of €88.2bn (£78bn).The two have been talking for...
Why West Coast home prices are surging

Why West Coast home prices are surging

Finance
Why home prices are on a tear Housing markets out west are on fire. Prices are rising, supply is tight and competition among buyers is fierce. That's all good news for homeowners. Not so much for buyers. Home prices have risen faster than wages in many cities, creating an affordability issues for buyers — especially first timers. "Everything from the Rocky Mountain states and west from there are doing much better than the rest of the country and it's been like that quite consistently," said Lawrence Yun, chief economist at the National Association of Realtors. Seattle, Las Vegas and San Francisco are leading the way with annual double-digit home price gains in March, according to the latest S&P CoreLogic Case-Shiller Indices. Nationwide, price rose 6.5...