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Topic: Cruide Oil

AAA reports Gas Prices Stay Steady

 

Some of the lowest regional average gas prices are found in Clarksville and Hopkinsville.

AAATampa, FL Prices at the pump rose slightly this week. The national average for a gallon of regular unleaded gasoline is $2.279 today, up nearly a penny from last week, down 8 cents from a month ago and an increase of 58 cents over last year. 

“Low demand is keeping downward pressure on gasoline prices,” said Josh Carrasco, spokesman, AAA – The Auto Club Group. “OPEC’s cuts are being offset by increases in domestic oil production, high gasoline and oil inventories and a drop in gasoline demand. Gas prices should remain steady in the near-term before taking their seasonal upswing as we head into the spring.”

The price at the pump see little movement this week according to AAA. (AAA)

The price at the pump see little movement this week according to AAA. (AAA)

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Weekly Market Snapshot from Frazier Allen for the week of March 17th, 2013

 

Weekly Market Snapshot

Market Commentary by Scott J. Brown, Ph.D., Chief Economist

Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services

The economic data were mixed, but the stock market continued to focus on the good news and ignored the rest. Retail sales rose more than expected in February, but results varied across sectors. Industrial production picked up, following a weak January (results varied by industry).

The inflation reports showed some pressure from higher gasoline, as anticipated, and moderate core inflation. Treasury reported a smaller deficit than a year ago. Initial claims for unemployment benefits continued to trend lower. Consumer sentiment fell in the mid-March assessment, with a sharp decline in expectations (down to a 15-month low).

The Dow Jones Industrials Average continued to new record highs, up 10 sessions in a row. In contrast to the optimism expressed in equities, bond yields have remained relatively low. «Read the rest of this article»

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Weekly Market Snapshot from Frazier Allen for the week of March 3rd, 2013

 

Weekly Market Snapshot

Market Commentary by Scott J. Brown, Ph.D., Chief Economist

Scott J. Brown Ph.D., Chief Economist Raymond James Investment Services

Italian election results (a government in deadlock) dampened the party mood in equities. Bernanke monetary policy helped sooth fears that the Fed might end its asset purchase program earlier rather than later. Bernanke said that Fed officials “do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery and more-rapid job creation.”

Leaders in Washington failed to reach an agreement to avoid the sequester, but a deal could be reached as part of an agreement to authorize government spending after March 27th (which is when the current Continuing Resolution ends). «Read the rest of this article»

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