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Thursday, May 27, 2010

Gas Prices Dropping

The following stories have been hand-selected by the Assignment Desk at News4:

MIKULSKI SEEKS OIL ASSESSMENT With oil from the Gulf of Mexico spill now reaching major ocean currents, Sen. Barbara A. Mikulski asked the National Oceanic and Atmospheric Administration on Wednesday to assess the threat to the Chesapeake Bay and the waters off Maryland. "The immediate impact on the communities closest to the spill is obvious," the Maryland Democrat wrote in a letter to NOAA Administrator Jane Lubchenco. "But my constituents are also asking – will they see oil on the beaches of Ocean City? Will the spill impact the Chesapeake Bay – which is already under great stress? This would affect the Bay and the jobs of people who work on the Bay. It would also affect our cultural identity." (Baltimore Sun)

GAS PRICES DROPPING Gasoline prices are dropping from spring highs for a second consecutive week. AAA Mid-Atlantic projects the downslide will be good news for the expected 28 million people planning to travel by car over the holiday weekend. (Frederick News Post)

TOLL BROTHERS "BUSINESS IMPROVING" Luxury home builder Toll Brothers says Washington is among markets where its homebuilding business is improving, and the company is buying more land for building for the first time in years. The Horsham, Penn.-based company also reported a narrower quarterly loss and says its buyer cancellation rate fell sharply (Washington Business Journal)

Source

4 comments:

Anonymous said...

Retailers are currently making the largest profits per gallon since Katrina.

Bad things happening are good for the gasoline business

Anonymous said...

hoand why do you think retailers are making such large profits?

there are 42 gallons in a barrel of oil, from which you get @ 19-20 callons of gasoline, can be more or less depeding on the crude.

so a $5 decrease in oil prices, if given directly to the gas only is only 25 cent drop in gas, divide it over all 42 gallons and that less the 12 cents per gallon

Anonymous said...

Bull crap stuff this propaganda look around people are still losing jobs and their homes !!!

Brenda said...

Gas just spiked today, so the so-called price drop didn't last long.