Gas Prices

11:20am

Fri October 5, 2012
The Two-Way

Record High Prices At The Gas Pump Likely To Linger In California

Originally published on Fri October 5, 2012 9:07 pm

Motorcyclists Hanna Gilan, right, and her son Chaim Gilan fill up their Vespa scooters with less than two gallons at a gas station in the Echo Park district of Los Angeles on Oct. 4, 2012.
Damian Dovarganes AP

Gas prices spiked overnight Thursday by as much as 20 cents per gallon in parts of California, causing some stations to close and shocking many customers.

According to The Associated Press, the average price of regular gas across the state was nearly $4.49 a gallon. In other parts of the country, gas prices have fallen. South Carolina has the lowest average gas prices in the continental U.S. at $3.49 a gallon.

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6:54am

Fri September 28, 2012
The Two-Way

Income And Spending Both Basically Flat In August

Higher prices at the pump meant the amount of money consumers spent went up last month.
Kevork Djansezian Getty Images

Americans' personal income grew by just 0.1 percent in August from July and consumer spending would have been basically flat as well if it hadn't been for higher gasoline prices, the Bureau of Economic Analysis reported this morning.

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12:37pm

Fri September 14, 2012
Planet Money

Even If You're All-Powerful, It's Hard To Fix The Economy

Originally published on Tue September 18, 2012 12:43 pm

This guy lives in a computer. Can you get him a job?
Walt Disney Pictures The Kobal Collection

The world inside Mark Zandi's computer model feels pretty familiar. It's full of people who are worried about the economy. Their homes are being foreclosed on. They're paying more for gas. Something like 13 million of them can't find jobs.

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11:47am

Wed September 5, 2012
Planet Money

Inflation Isn't About The Price Of Corn. It's About Wages.

Originally published on Wed September 5, 2012 11:49 am

FRED

Corn prices are going through the roof. The price of gasoline is rising again. Inflation, though, is still low.What's more, as Bloomberg notes today, investors are betting that inflation will remain low for years to come.

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3:53am

Tue August 28, 2012
Business

Business News

Originally published on Tue August 28, 2012 7:32 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with an eye on oil prices.

Isaac is not expected to grow beyond a Category 1 hurricane and that is easing some concerns it could damage oil and gas refineries along the Gulf Coast. Still, several have shut down operations and will probably be offline for a couple days. Depending on Isaac's severity, analysts say gas prices could go up by about 10 cents or so in the coming weeks. Transcript provided by NPR, Copyright National Public Radio.

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