Topic: Phil Flynn
Top galleries, list articles, quizzes
All Content
-
Hurricane Sandy: Economy should bounce back analysts say
Though hurricane Sandy will impact dozens of industries and cause billions in damages, experts say the economy should recover quickly with reconstruction after the storm.
-
Hurricane Sandy to cost billions. Will the economy stand?
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion.
-
Isaac lashes Florida Keys: Is New Orleans next? (+video)
Isaac threatens to become a Category 2 hurricane by mid week. Louisiana governor declares a state of emergency.
-
Why gas prices climbed 13 cents in a week, and look set to keep going
Demand has been dropping, but supply problems are causing gas prices to rise again. A refinery fire in California and a broken oil pipeline in the Midwest are partly to blame.
-
Gas prices lowest since January, but oil soars
Gas prices hit a $3.35 national average – the lowest since Jan. 6. But oil prices soared Friday, hinting that gas prices may be back on the way up.
-
Gas prices fall below $3 in two states
Gas prices are silver lining in economic gloom. Since April, gas prices are down more than 30 cents a gallon and experts predict more decline.
-
Gas prices, still climbing, are now just one thin dime from $4 a gallon
Gas prices jumped 5 cents a gallon last week on average, says AAA's Fuel Gauge Report, even as oil prices stabilized a bit. When gas prices reach $4 a gallon, motorists begin to change their habits.
-
Oil nears $110 a barrel, gas prices jump 12 cents a gallon in a week. Eek!
Tensions with Iran have markets 'convinced there will be some type of confrontation,' says an energy analyst. Oil buyers are starting to 'horde,' and nervousness is affecting gas prices.
-
Oil prices top $85 a barrel
Oil prices rebound on positive moves from Europe after dipping to 12-month lows. Lower oil prices had caused US gasoline prices to drop 27 cents in a month.
-
Stocks plunge on fears of a 'full-blown recession'
Stocks fell sharply on a variety of factors – from a pessimistic Federal Reserve to reports that Europe might be headed for a recession. But falling stocks don't guarantee a recession is coming.
-
Fed's interest-rate move wows Dow, but is also sign of plodding recovery
The Dow recovered almost 430 points Tuesday, after the Fed said it would keep short-term interest rates low until mid-2013. But the Fed's surprise move also points to expectations for slow recovery.
-
Dow Jones roller coaster finishes higher. What made the stock market so wild?
The stock market has taken investors on a wild ride. After plunging Thursday, the Dow Jones swung through a 416-point range Friday before finishing up almost 61. One reason for the behavior is investor fear.
-
Why is Obama tapping the Strategic Petroleum Reserve, really?
The administration's decision to release 30 million barrels of oil from the Strategic Petroleum Reserve is pure politics, say some. The White House says it's trying to offset a drop in Libyan light sweet crude – needed for gasoline – at the height of the summer driving season.
-
Gas prices skid 25 cents a gallon in past month – and may dip further
Gas prices have fallen to $3.72 since topping out at $3.98 a gallon in May. Plenty of supply and soft demand mean gas prices are likely to keep falling this summer – perhaps another 30 cents a gallon.
-
Oil stocks rise, oil prices fall
Oil stocks are climbing globally, which is sending oil and gasoline prices lower. One factor behind rise in oil stocks: a resurgent Iraq.
-
Commodities rise after last week's sell-off
Commodities prices for grains, precious metals, and oil rise. Traders in farm commodities await government crop report.
-
Oil hits 30-month high. Natural gas prices also rise.
Oil surges to its highest level since September 2008. Natural gas prices rise, too.
-
Beyond Libya: Four factors affecting oil prices
Oil prices changed little despite high trading volume on Friday, as oil traders eyed developments in four nations: Libya, Yemen, China, and Japan.
-
Oil reaches $100 a barrel: Five winners, five losers
With the price of energy soaring – oil passed $100 per barrel on Tuesday – long-haul truckers are hurting, but hybrid manufacturers are smiling. Californians feel the pinch at the pump while Midwesterners, closer to large fuel inventories, wonder what all the fuss is about. With gasoline now at $3.37 per gallon – 20 cents higher than last week, and rising daily – who is profiting from higher prices and who is not?
-
US gas prices pass $3 mark. Will anything stop them from climbing higher?
Declines in domestic and foreign production are to blame for higher US gas prices, analysts say. Some in the industry see $5-a-gallon gas in 2012, while others say supplies will increase to halt the rise.
-
Could Gulf oil spill bankrupt BP?
BP is now paying $40 million a day to deal with the Gulf oil spill. Its overall costs are nearing $1 billion, and an expected tide of litigation is still ahead. Then again, BP is flush with cash.
-
Gas prices rising nationwide, but maybe not for long
Gas prices are up an average of four cents a gallon nationwide during the past week – and 78 cents a gallon from last year. But signs of gas prices easing are emerging.
-
Prices at gas pump ticking up ahead of Memorial Day travel
On average, drivers are paying $2.88 a gallon at the gas pump. Gas prices are expected to continue rising because of high oil prices.
-
Oil prices top $78 a barrel - double the cost of a year ago
Cold temperatures have boosted demand for home heating oil. Higher oil prices pose another challenge for the American consumer.
-
What's behind rising oil prices?
A weak US dollar has sent investors to oil, pushing up crude prices over the past few months. That means higher gasoline prices this Thanksgiving.
Become part of the Monitor community