A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
Thursday, October 17 2013 4:40 PM EDT2013-10-17 20:40:19 GMT
(RNN) - By passing a last-minute deal on the debt ceiling, and a 16 days-late deal on the government shutdown, Congress finally got back to doing its job. So, what now? Some people may see it as the timeMore >>
With a budget passed only until January, a debt ceiling deal through February and a bunch of days off for Congress until then, the country may be back in the same situation soon.More >>
Thursday, October 17 2013 5:27 AM EDT2013-10-17 09:27:22 GMT
A last-minute deal has been struck, allowing the federal government to avoid a shutdown. A shutdown would have suspended all federal government services deemed non-essential. All federally-funded museums,More >>
Congress has passed a bill to fund the government and lift the debt ceiling, avoiding default. More >>
Sunday, October 13 2013 6:52 PM EDT2013-10-13 22:52:24 GMT
WASHINGTON, DC (RNN) - Despite the WWII Memorial being closed, members of the Million Vet March have gathered in Washington, DC to protest the government shutdown – according to media reports. "We do notMore >>
Veterans gathered at the World War II Memorial in Washington, DC to protest the government shutdown.More >>
Saturday, October 12 2013 10:44 PM EDT2013-10-13 02:44:59 GMT
People nationwide have been unable to access welfare benefits through their EBT cards Saturday. Reports on the matter indicated the issue has no connection to the government shutdown.More >>
Xerox, which handles EBT systems in several states, said Saturday night the problem that prevented people from using their cards to shop has now been corrected. More >>
(RNN) - After months of steady declines, gas prices shot up by 17 cents a gallon in July, marking the highest July increase in more than a decade.
"Higher global oil prices and increased demand for gasoline during the busy summer driving season were the primary factors that sent pump prices higher," said Avery Ash, spokesperson for the automotive group AAA.
According to AAA statistics, the average price of gas was $3.42 a gallon in July, the third-highest price for July ever recorded.
The group has been tracking changes in national gas price averages since 2000.
The average price on Tuesday was $3.50 per gallon, nearly 21 cents less than a year ago but 2 cents more than last week.
Although gas prices typically fall in August - as they have in seven of the last 10 years - AAA predicts prices will remain relatively flat or even rise a little. They don't predict prices will go down until after Labor Day.
"Drivers will continue to face high pump prices in the weeks ahead as the summer draws to a close," Ash said.
The last time gas prices rose in August was in 2009.
While gas is still much cheaper on average than it was when it hit its highest price at $3.94 per gallon in April, some states are still short of celebrating.
Of those states with the highest gas prices, Hawaii takes the cake with $4.15 per gallon. Alaska comes in just behind the Aloha State with prices averaging in at $4.00 per gallon. Connecticut and California average around $3.80 per gallon while New York drivers shell out $3.77 per gallon.
Drivers in South Carolina aren't feeling too much of the pinch with the lowest average prices in the nation at $3.20 per gallon. In Mississippi, drivers are looking at $3.24 per gallon while neighboring Alabamians spend an average of $3.25 per gallon. In Arizona and Arkansas, the average price per gallon hovers around $3.27.
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