Wal-Mart Stores Inc. (WMT) is cutting gas prices by 10 cents a gallon for three months to help consumers worried about their spending amid a sputtering economy and busy summer travel season. “Our customers have told us that high gas prices are a top budget concern, nearly as large an expense to their households as [...]
CNBC’s “Mad Money” host Jim Cramer sees cheaper gas in the near future but will the relief at the pump last or will we be paying more than $4 for the longterm?
After 44 days of surging gas prices, analysts expect drop of 50 cents by summer driving season. Some relief from suffocating gas prices will likely arrive just in time for summer vacation. Expect a drop of nearly 50 cents as early as June, analysts say. After rocketing up 91 cents since January, including 44 straight [...]
Retailers reported surging April sales helped by a late Easter, extending strong spending momentum that began late last year. However, some stores that cater to low-income shoppers are starting to warn that their customers are facing pressure from high gas prices. As merchants reported their April results Thursday, a diverse group including Costco, Limited Brands, which [...]
Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos. These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline. That’s the average amount American households spent on gas in April, according [...]
Gas prices have almost tripled in the past 10 years. It’s no surprise drivers, pumping almost $4 per gallon, are paying attention more than ever before. That’s why calls and complaints to weights and measures offices are on the rise. But even though people feel they’re being ripped off, gas stations are more than likely [...]
Auto makers are pushing to link federal fuel-economy and emissions targets to the price of gasoline, saying consumers won’t pay enough for fuel-efficient cars to make them profitable if gas prices aren’t high. The Alliance of Automobile Manufacturers, the industry’s main trade group, is proposing that regulators periodically review gas prices and other market factors, [...]
Add New York to the growing list of states where gas prices are topping $4 per gallon. On Sunday, the Empire State became the sixth state to top $4 for the average price of a gallon of gas, joining Alaska, California, Connecticut, Hawaii and Illinois, according to AAA’s Daily Fuel Gauge. The average price of [...]
We love to grumble about the price of gas, but that’s about all we do. We keep buying it—and in fact, demand increased during the past year, despite higher prices. That is, until recently. MasterCard reports that gas sales have fallen for five straight weeks. Finally, drivers are starting to feel the long-term pain. According [...]
Gas prices have jumped nearly 20 cents over the past two weeks, approaching the all-time high, according to a survey published Sunday. The average price of a gallon of self-serve regular is $3.76, the Lundberg Survey found. The previous survey three weeks ago found an average of $3.57. That means prices are now just 35 [...]
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