Middle East turmoil pushes oil costs higher amid tensions
Rising Middle East tensions push U.S. gasoline prices up 11 cents to 3.44 per gallon since July, with pump costs likely to rise further. Crude climbs to 92.66 per barrel, Brent near 108, as Iran Strait of Hormuz threats and recent regional flare ups drive market fear and supply concerns.
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New York
Middle East
U.S
Iran
Strait of Hormuz
Persian Gulf
Europe
U.S. Navy
Bulgaria
Israel
Tom Kloza
Oil Price Information Service
Irving Energy Summit Highlights Texas Fight On Federal Rules
Irving hosts energy summit where state lawmakers and energy officials discuss regulating environmental rules. Representative Linda Harper Brown argues for balance to keep businesses in Texas as state legal battles with the EPA continue. The Thursday event in suburban Dallas was hosted by the Texas Conservative Coalition Research Institute.
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Irving
GOP
Feds
Texas
Energy Company
Linda Harper-Brown
Dallas
Texas Conservative Coalition Research Institute
T. Boone Pickens
Irving Energy
Weak U.S. economy signs amid housing and factory slowdown
A raft of economic data shows a weakening economy with slower home buying and faltering factory output. June housing gains faded as single family starts rose, permits hit highs, and builder confidence improved while existing home sales fell 5.4 percent. Labor market signals were mixed as unemployment benefits rose due to seasonal distortions, with a tepid hiring pace overall and a leading indicators index slipping in June.
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Washington
U.S
Federal Reserve
Philadelphia
Labor Department
Joshua Shapiro
MFR Inc
Fed
Freddie Mac
National Association of Realtors
Jennifer Lee
BMO Capital Markets
Conference Board
Texas gas prices rise 6 cents this week
AAA Texas reports statewide retail gasoline averages up to 3.29 per gallon, with Fort Worth at 3.39 and Corpus Christi at 3.16. The national average also climbs to 3.44. Prices remain 30 cents below last year as stronger global economic news drives a recent uptick.
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Texas
Houston
Fort Worth
Corpus Christi
AAA
Also Association
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U.S. Environmental Protection Agency
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L. M. Oteroap
THE
Associated Press
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