Analyzing the state of the U.S. economy before Election Day

Analyzing the state of the U.S. economy before Election Day

Analyzing the state of the U.S. economy before Election Day – CBS News Watch CBS News CBS News polling shows most voters have long been dissatisfied with U.S. economic conditions. But does perception match reality? Kate Davidson, managing editor for U.S. economic policy for Bloomberg News, joins “America Decides” to discuss. Be the first to … Read more

Blue state regulators could hike price at pump just days after election, GOP lawmakers warn

Blue state regulators could hike price at pump just days after election, GOP lawmakers warn

Californians already paying the highest gas prices in the country could have another tax hike headed their way, if proposed changes to the state’s low carbon fuel standard are adopted. The California Air Resources Board (CARB) — which consists of board members appointed by Gov. Gavin Newsom and the Democrat-controlled legislature — is scheduled to vote just days after … Read more

California Senate passes bill requiring refiners to keep minimum levels of gasoline reserves – Daily News

California Senate passes bill requiring refiners to keep minimum levels of gasoline reserves – Daily News

The California Senate on Friday passed a bill to give the state’s energy commission the authority to require oil refiners maintain minimum levels of gasoline supply, in the hopes of preventing price spikes at the pump. Assembly Bill X2-1 passed on a floor vote, 23-9 in a special session called by Gov. Gavin Newsom, who … Read more

Data centres are hungry for power, and Alberta is pitching itself as the place to build

Data centres are hungry for power, and Alberta is pitching itself as the place to build

Alberta is putting itself in the race for a slice of the soaring growth of data centres in North America. A pair of Alberta cabinet ministers set off for Silicon Valley last week with the sole focus of promoting the province as a “prime location” to build the physical structures that store and process our digital information. Major … Read more

Inflation eases to 3% in June — stoking hopes for Fed rate cut

Inflation eases to 3% in June — stoking hopes for Fed rate cut

Inflation numbers reported by the government on Thursday came in cooler than anticipated — fueling Wall Street anticipation of an interest rate cut later this year and sending stock market futures soaring before the opening bell. The US government’s Consumer Price Index rose 3% in June, the Labor Department said on Thursday. Inflation for June … Read more

Two companies agree to pay $50 million over allegations they manipulated California gas prices

Two companies agree to pay  million over allegations they manipulated California gas prices

The California Attorney General’s Office on Wednesday announced a $50 million settlement over allegations that two gasoline trading firms secretly worked together and manipulated prices on the spot market for gasoline in Southern California in 2015. The agreement is scheduled to go before San Francisco Superior Court Judge Y.S. Cheng on Aug. 2 to be … Read more

California’s gas tax just went up. So has the bickering – Daily News

California’s gas tax just went up. So has the bickering – Daily News

As tensions mount between the petroleum industry in California and state policymakers, the cost of a gallon of gasoline just got a smidgen more expensive this week. Monday marked the start of the new fiscal year and California’s state excise tax on gasoline increased 1.7 cents per gallon. That’s part of the annual adjustment for … Read more

Why is gas more expensive in the summer? Competition, logistics — and the blend

Why is gas more expensive in the summer? Competition, logistics — and the blend

Cost of Living5:50Why is gas always more expensive in the summer? As summer approaches, Canadian drivers have likely already experienced the all-too-familiar rise in prices at gas station pumps. A boosted demand for gasoline by people on road trips affects prices, as did the latest increase in the federal carbon tax in most provinces and territories.  But there’s another key … Read more

ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal as energy prices rise

ConocoPhillips buying Marathon Oil for .1 billion in all-stock deal as energy prices rise

By MICHELLE CHAPMAN (AP Business Writer) ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits. The deal is valued at $22.5 billion when including $5.4 billion in debt. Crude prices have jumped more than 12% this year and the … Read more