For Americans, the economy is likely to remain sluggish for several years, but the long-term outlook isn’t nearly as bad as the pessimists say
Oil
Gas Prices Almost Never Decline in March—But They Did Last Month
Traditionally, gas prices have risen in the spring and peaked during the high-demand summer months. Last year, though, prices spiked starting in February and reached their highs in early May, before declining slightly in summer. …
Could It Be? Gas Prices Are Around 25¢ Cheaper Than Last Year
The current national average per gallon of gas, $3.65, probably doesn’t seem all that cheap. Not compared to the beginning of the year, when prices were 10% cheaper. And especially not compared to a few years ago, when gas sold …
Can the U.S. Dollar Become Almighty Once Again?
A stronger dollar could be a bellwether of an improving economy and a brighter outlook for U.S. stocks.
Lots of Goodies Were Stuffed into the Fiscal Cliff Deal
A host of special interests, from filmmakers to rum distillers, got tax breaks in last week’s fiscal cliff deal.
Mississippi River Could Close to Barge Traffic Within Days
Traffic on the Mississippi River – which transports everything from grain to petroleum to coal – could come to a halt as soon as this weekend.
Small Towns Get Boost From Oil, Gas as Wealth Shifts Away From Cities
The Great Recession hit small towns hard. But according to a new analysis, small-town America is actually experiencing an economic revival thanks to an oil and gas boom.
The Pessimist’s Guide to Surviving the Fiscal Cliff
Whatever the budget deal, it probably won’t be able to prevent sluggish growth and the risk of rising inflation.