Gas Prices

Conflicting Signals From Latest Economic Indicators

Mark Memmott — Thu, 16 May 2013 12:57:00 +0000

Thursday morning's economic news:

-- There were 360,000 first-time claims for unemployment insurance last week, up 32,000 from the week before, the Employment and Training Administration says. At 360,000, the pace was the fastest since the last week of March.

Huge Boost In U.S. Oil Output Set To Transform Global Market

Scott Neuman — Tue, 14 May 2013 20:47:00 +0000

U.S. oil production is rising sharply and increased output from shale will be a "game changer" in global energy markets in the coming years, according to a new report out Tuesday by the International Energy Agency.

"U.S.

U.S. Gas Prices Expected To Remain Low For Summer

Bill Chappell — Sun, 12 May 2013 13:43:00 +0000

Drivers will find this summer's gas prices are lower than last year's, the result of a spike in crude oil production. Government forecasters say a gallon of regular gasoline will cost about $3.50 this summer — a slide of more than 10 cents from last year.

Energy Department analysts say "the regular gasoline price will average $3.53 per gallon over the summer," citing lower crude oil prices.

Consumer Spending Rose 0.7 Percent In February; Higher Gas Prices A Factor

Mark Memmott — Fri, 29 Mar 2013 12:53:00 +0000

There was a slightly larger-than-expected increase of 0.7 percent in consumer spending from January to February, the Bureau of Economic Analysis says.

Higher gasoline prices, though, were much of the reason for the rise. According to the bureau, if spending is adjusted for inflation the increase was a more modest 0.3 percent — the same as in January.

IMF: Gas Prices Don't Reflect True Costs

Thu, 28 Mar 2013 09:23:00 +0000

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

So to find out what's that's about, we turn to David Wessel.