US average gasoline price slips to lowest since January 25

The average price of regular gasoline in the United States has slipped over the recent past, following a decline in crude oil price, thanks to diplomatic progress regarding Iran and Syria.

According to Camarillo, California-based Lundberg Survey Inc., the average price of regular gasoline slipped by 6.4 cents to $3.5207 per gallon in the two-week period ended September 20. It was the lowest price since January 25.

The average price of the fuel is nearly 31 cents below the year-ago price of $3.8338 per gallon.


NZ consumer confidence slips to six-month low in September: survey

Consumer confidence in New Zealand slipped to its lowest level in six months in September, but economists believe that the mood remains optimistic.

According to a survey by the ANZ-Roy Morgan, the consumer confidence index slipped from 123 in August to 118.8 in September. It was the consumer confidence index's lowest reading since March this year.

However, the index still indicated reasonable optimism in the economy. It may be noted here that a reading of above 100 indicates optimism, while a reading of below 100 stands for pessimism.


Californian drivers enjoying lower gasoline prices: survey

Californian drivers are nowadays paying less for regular gasoline at pumps than what they were paying at the same time last year, according to fresh stats.

Fresh stats released by the Automobile Club of Southern California revealed that gasoline prices at the majority of pumps are currently under $4 per gallon, and prices of the fuel dropped by nearly one penny per day in the last few days.


Soaring gas prices surprise market watchers

Increasing prices of gas in the United States has surprised market watchers, as prices are moving up at a time of the year when they typically moderate.

In Yankton, the average price of unleaded gasoline has jumped 32 cents per gallon within the last seven days and by whopping 62 cents per gallon within the last two weeks.

Prices of the fuel in Iowa, North Dakota, South Dakota, Ohio, Oklahoma, Minnesota, Missouri, Nebraska and Wisconsin have jumped by up to 40 cents per gallon during the last one-week period.


M&S shares jump on back of takeover report

Stock in Marks & Spencer (M&S) on Monday surged on reports that Qatar's sovereign wealth fund is preparing to place a takeover bid for the British clothing retailer.

The stock hit a high of 407.7p a share before closing at 398.1p a share on Monday, up 25.6p from the previous close. The 6.9 per cent gain added more than £400 million to the market value of the retailer.

The stock gained on a report published by The Sunday Times newspaper that the Qatar Investment Authority had plans to assemble a consortium to place £8 billion takeover bid for the UK's biggest clothing retailer.



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