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Odessa American in Odessa, Texas

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Sep 13, 2008

Page

2

Gasoline rises on Ike fuel disruption in Gulf region

Wholesale gasoline jumped on Friday as Hurricane Ike aimed at the Gulf coast forcing Texas refiners to halt operations while crude futures briefly dipped below 100 dollars. Prices at Gulf Coast wholesale markets surged to around 4.85 per gallon with demand forecasts uncertain, as major oil firms brace for potential prolonged outages.

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August Sales Slide Amid Easing Price Pressures

The Labor Department reported wholesale prices fell 0.9 percent in August, while retail sales dropped 0.3 percent, signaling consumer restraint despite lower energy costs. Economists warn the economy could slip toward recession as stimulus effects fade and GDP growth slows in the upcoming quarters.

Washington Labor Department Commerce Department

Hurricane Ike Threatens Near $1 Trillion in Insurance Exposure

The Storm Ike threat targets Texas Gulf Coast with insured property valued near $1 trillion, according to catastrophe firms. Most coastal exposure lies along Houston and Galveston Bay, with hundreds of billions in Harris County, plus significant inland risk.

Charlotte N.C Texas Gulf Coast Texas Houston RMS Galveston Bay Harris Itke Newark Galif Worldwide Corp Boston Cof Galveston Ziehmann Ry. Tieng

Also Mentioned on This Page

Bureau of Labor Statistics Danny Johnston Rick Mears Little Rock Ark Exxon Odessa Comiychib LaDonna Gatlin Faudree Road Odessa, TX Oye Dre Whew THE Associated Press Isliemehart Security General Dentistry Red Beatebe Esa Kenneth W. Higgins Michelle Anderson Midland Airsho.org Commemorative Air Air Force Fina Present Aia Tio Aaron Tippi Vanes Inigg Alowusa Midland International Airport Odessa Rere Bierre Intpi Allfarea Dod
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