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Keyword: prices

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  • Traders Are Betting On $100 Oil Following Texas Freeze

    02/24/2021 2:55:18 PM PST · by AAABEST · 55 replies ^ | February 24, 2021
    Brent Crude prices could hit $70 a barrel in the second quarter of 2021, while they are set to average $60 this year, Bank of America said this week, raising its average price outlook by $10 a barrel from its previous projection. Echoing Bank of America, Morgan Stanley also sees Brent touching the $70 mark this year, but a bit later - in the third quarter, expecting “a much-improved market,” including on the demand side. On Sunday, Goldman Sachs started the investment banks’ upgrades of oil price forecasts, expecting Brent Crude prices to hit $75 a barrel in the third...
  • Gasoline prices still rising as crude rallies

    02/08/2021 8:22:04 AM PST · by AAABEST · 60 replies
    Houston Chronicle ^ | Feb 8, 2021 | Fuel Fix staff
    "The foundation of the rise is the fact that the coronavirus situation continues to improve, pushing global oil demand higher as production continues to lag, pushing U.S. gas prices higher," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Until OPEC intercedes and raises oil production in the months ahead, motorists should continue to expect rising gas prices."
  • China Imports Of Corn, Wheat Hit Record High Amid Soaring Food Prices

    01/19/2021 6:36:59 AM PST · by blam · 7 replies
    Nation & State ^ | 1-19-2021 | Tyler Durden
    On the same day that China published a much stronger than expected (if largely laughable as we first noted and Michael Pettis subsequently confirmed) GDP print, making China the only major economy to grow in the “year of covid”, China customs data showed that grains imports soared to record highs in 2020 after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world’s top agricultural market, bought a record 11.3 million tonnes of imported corn last year, according to General Administration of Customs data, exceeding the annual quota – which was set at...
  • The US Mint Is Hiking Silver Prices, Will Charge $67 For Each 1-Ounce Uncirculated American Silver Eagle Coin In Just Five Days

    10/09/2020 2:51:19 PM PDT · by Enlightened1 · 50 replies
    p>“Prices for products containing silver will change EFFECTIVE October 13, 2020…re-setting silver prices is necessary”…(by Half Dollar) No inflation, huh?The US Mint even says below, to “cover rising costs”.Regardless, here’s a little dandy that the US Mint would probably like to keep as much under wraps as possible.From just today:From the Federal Register:Here’s the PDF of the government’s entry in the register, and, specifically, the products that are affected.And here’s the table from the PDF file:That’s $67 for each uncirculated Silver Eagle?Notice that while these coins are one step above, for example, a “tube of Eagles”, these are not necessarily coins that one may think...
  • There’s a pandemic, but Southern California home prices are at record levels

    09/23/2020 2:18:07 PM PDT · by BenLurkin · 31 replies
    LA Times ^ | 09/23/2020 | Andrew Khouri | Staff Writer
    The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews. That was the largest percentage increase since 2014 and the third consecutive month during which prices set a new all-time high. Sales rose 2.4% from a year earlier. The price leap may seem unlikely amid double-digit unemployment, but analysts say the trend reflects the uneven effect of the coronavirus and its economic fallout. Compared with low-wage workers, people who tend to have the financial ability to buy homes have been less likely to lose their jobs, and in...
  • Trump issues executive order to lower Medicare drug prices for seniors

    09/13/2020 8:21:22 PM PDT · by LibWhacker · 15 replies
    Just The News ^ | 9/13/20 | John Solomon
    President Trump on Sunday signed an executive order moving Medicare one step closer to a "most favored nation" drug pricing system, instructing the government health care program for seniors to develop and test paying the same drug prices as other developed countries with cost controls. "It is the policy of the United States that the Medicare program should not pay more for costly Part B or Part D prescription drugs or biological products than the most-favored-nation price," Trump's order declares. The memo defines the most-favored-nation price as "the lowest price, after adjusting for volume and differences in national gross domestic...
  • Gold Price Surges

    07/27/2020 4:49:26 AM PDT · by Enlightened1 · 76 replies
    Kitco ^ | 07/27/20
    Gold price is up $40 today.  This is the dollar depreciating as the price of gold surges.  
  • White House wins ruling on health care price disclosure

    06/24/2020 2:23:42 AM PDT · by knighthawk · 3 replies
    Fox Business ^ | June 23 2020 | Ken Martin
    In the past two weeks, the White House has captured one health care ruling and lost another. The Trump administration put one in the win column with a court ruling Tuesday upholding its plan to require insurers and hospitals to disclose the actual prices for common tests and procedures in a bid to promote competition and push down costs. President Trump suffered a major legal setback last week when a federal appeals court ruled that his administration lacks the legal authority to force drug companies to disclose prices in their TV ads.
  • Core Inflation Falls To Lowest Level Ever While Food Prices Soar Most Since 1974

    05/12/2020 8:11:58 AM PDT · by blam · 12 replies
    Breitbart ^ | 5-12-2020 | John Carney
    Deflation picked up in the U.S. in April, pushing consumer prices down 0.8 percent compared with a month earlier, even while food prices soared. The price of gasoline dropped 20.6 percent for the month, the Department of Labor said Tuesday. The prices for clothing, airline travel, cars, recreation, and hotels all plunged while the price of groceries saw its biggest monthly increase since 1974. Compared with a year ago, prices were up 0.3 percent, Core inflation, a measure which subtracts changes in the prices of the volatile food and energy categories, fell 0.4 percent, the steepest decline ever in records...
  • Incoming 50 Million Barrel ‘Saudi Oil Bomb’ Could Send Prices Even Lower

    04/24/2020 6:29:21 AM PDT · by Enlightened1 · 72 replies
    Yahoo Finance ^ | 04/24/20
    By now even the 165,727 "professional investors" who are long the USO ETF on the free, glitch-prone platform Robin Hood, are aware that the problem facing global oil production is that there is simply no storage where to put all the physical oil (as we warned in late March).And if even the army of Robinhood-ers now know how impossible it is to find space for physical oil on the continental US, then Saudi Arabia - which sparked the current crude crisis and which will not stop until shale is completely crushed - is certainly aware.Which is why with the US unable to store...
  • U.S. oil falls more than 10% to lows not seen since 1999

    04/19/2020 7:58:47 PM PDT · by MeneMeneTekelUpharsin · 62 replies
    Reuters ^ | 19 April 2020 | Florence Tan
    SINGAPORE (Reuters) - Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic. The oil market has been under pressure due to a spate of reports on weak fuel consumption and grim forecasts from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency. The volume of oil held in U.S. storage, especially at Cushing, Oklahoma, the delivery point for the U.S. West Texas Intermediate (WTI) contract, is...
  • Price gouging?

    04/02/2020 1:29:28 PM PDT · by Trot · 56 replies
    vanity ^ | 4/2/20 | trot
    Newsom was right to balk at hand sanitizer for $400. Are other vendors hiking prices on other things?
  • Dow Futures Tumble 900 Points As All-Out Oil Price War Adds To Coronavirus Stress

    03/08/2020 3:21:01 PM PDT · by Enlightened1 · 84 replies
    CNBC ^ | 03/08/20
    Stock futures tumbled in overnight trading Sunday as investors continued to brace for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety.Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open on Monday. The sharp declines in the futures market pointed to more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight.Saudi Arabia on Saturday slashed official crude selling prices for April, in a sudden U-turn from previous attempts to support the...
  • Attack on Saudi oil facility came from direction of Iran, not Yemen: U.S. official

    09/15/2019 1:56:40 PM PDT · by RummyChick · 70 replies
    reuters ^ | 9/15/2019 | Rania El Gamal, Parisa Hafezi
    DUBAI (Reuters) - The attack on Saudi Arabia’s oil facilities on Saturday that has threatened global oil supplies came from the direction of Iran, and cruise missiles may have been used, according to a senior U.S. official.
  • 1994 Strike 25 Yrs Later: Declining MLB Attendance Leads to Shrinking Stadiums

    08/20/2019 12:24:42 PM PDT · by GuavaCheesePuff · 124 replies
    Breitbart ^ | August 20, 2019 | Warner Todd Huston
    As a result, new stadiums are shrinking. In a piece for USA Today, sports writer Gabe Lacques noted the falling attendance of several MLB teams.
  • Policy Tip Sheet: Gas Taxes are not the Long-Term Solution to Funding Transportation

    07/14/2019 12:23:23 PM PDT · by Tolerance Sucks Rocks · 17 replies
    The Heartland Institute ^ | July 11, 2019 | Matthew Glans
    In this Policy Tip Sheet, Matthew Glans examines gasoline taxes, how they have become less effective over time, and why states can no longer rely on them to fund state transportation projects. Problem Gasoline taxes are an unreliable funding source for state transportation projects, road construction, and maintenance due to declining gasoline prices and more fuel-efficient vehicles. In 2015, Daniel Vock, writing for Governing, analyzed state gas tax data reported to the U.S. Census Bureau and found two-thirds of state fuel taxes failed to keep up with inflation. Moreover, gasoline taxes are regressive and produce widespread economic consequences. Increasing fuel...
  • Trump signs executive order calling for upfront disclosure of hospital costs

    06/24/2019 1:47:37 PM PDT · by buckalfa · 75 replies
    Fox News Channel ^ | June 24,, 2019 | Andrew O'Reilly
    President Trump on Monday signed an executive order demanding the upfront disclosure by hospitals of the actual prices for common tests and procedures. Trump's order also requires that patients be told ahead of time what their out-of-pocket costs like deductibles and copays will be for many procedures. “This landmark initiative continues our work to put American patients first,” Trump said at the White House. “We are fundamentally changing the nature of the health care marketplace.”
  • Gas prices continue to rise in L.A. County, surpassing $4 per gallon

    04/15/2019 10:12:25 AM PDT · by lowbridge · 24 replies
    Fox News ^ | April 15, 2019 | Mary Stringini
    The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 1.3 cents Sunday to $4.065 -- its highest amount since July 31, 2015. The average price has risen 35 consecutive days, increasing 70.6 cents, including 2.7 cents Saturday, according to figures from the AAA and Oil Price Information Service. It is 19.9 cents more than one week ago, 69.6 cents higher than one month ago and 46.6 cents greater than one year ago. The Orange County average price rose 1 cent to $4.032, one day after rising 2.5 cents to surpass the $4-a-gallon mark for the first time since...
  • Hospital prices are going public soon

    12/27/2018 7:21:03 AM PST · by buckalfa · 76 replies
    WDBJ7 ^ | December 26, 2018 | Caslee Sims
    Many Americans have left the hospital concerned or surprised at how much or little they've spent for a service there. Well, thanks to a federal law, there will soon be more transparency on how much you'll be spending after your hospital visit. Starting on January 1, 2019, a federal law will require hospitals to post a master list online for how much the facility charges for a service. Often times, little to no price transparency can make it difficult for consumers to price compare. Other times the final bill is almost never the same as the "sticker price" due to...
  • Vanity - Trump "brilliance" nudges Saudi's, Russians, Chinese, Iranians to lower oil prices.

    11/21/2018 5:53:36 AM PST · by JLAGRAYFOX · 17 replies
    On FBN (Maria Bartiromo Morning Show), the business panel outlined the clever moves made by POTUS, Donald J. Trump to push the Saudi's to lower oil prices as punishment for their "murder incident in Turkey". As a result of this artful move, Trump forced the Russians, the Chinese, the Iranians to follow suit...and low and behold the American nation now has much lower (10-20 dollars a barrel lower) oil prices for the "Holiday Season"!!! Shucks it's like another healthy tax cut for the American taxpayer during the Holiday Season!!! Of course the "Fake News Media" has nary a clue and...