Natural gas prices plunge as storage soars and demand weakens
Gas futures slide after the Energy Information Administration reports record storage levels and broad energy use declines. Spot prices have fallen sharply from last year while the December contract eased to about $4.42 per 1,000 cubic feet. Retail gasoline averages rise slightly to $2.64 a gallon as heating demand stays soft amid a mild November.
MENTIONED IN THIS ARTICLE
Energy Information Administration
New York Mercantile Exchange
Auto Club Aaa
Wright Express
Oil Price Information Service
Stocks Fall For Third Day On Market Decline
The Dow edged up 0.1 percent to 10,318.16 while the S&P 500 dropped to 1,091.38 and the Nasdaq fell to 2,146.04 as Dell earnings weighed on tech shares. A stronger dollar pushed investors toward safe Treasurys, dampening demand for equities and keeping broader indexes lower.
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New York
Dell Inc
U.S
Americans save more but earn less as rates drop
New York reports the United States is becoming a nation of savers as rates near zero. Personal savings rise to about 3 percent, but interest income plunges, with economists predicting continued declines and savers feeling the impact on certificates of deposit and investment accounts.
MENTIONED IN THIS ARTICLE
New York
Bureau of Economic Analysis
Bureau
Bert Ely
Federal Reserve
Federal
Fed
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