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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 28, 2009
Page
13
Consumers face higher fuel costs for the first time this year as retail gasoline edges up, crude futures climb, and refiners like Valero report quarterly losses. Demand remains weak while storage declines and the dollar’s slide pushes crude prices higher.
Treasury prices rose on Tuesday with yields falling after strong demand. Investors snapped up 44 billion dollars in 6 year notes as the bid to cover ratio climbed to 3.63 from 3.23. Direct bidders accounted for 26 percent of bids versus 12 percent in September.
The S P home price index for 20 cities rose 1 percent from July to 144.5 marking a third straight monthly gain. San Francisco Minneapolis and San Diego led the uptick while Las Vegas Seattle and Charlotte fell to August lows.
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