Unemployment claims fall to 328000 marking three-year low
The Labor Department reports seasonally adjusted new jobless claims dropping 14,000 to 328,000 for the week ending April 3, the lowest since January 2001. Wall Street slips on Iraq worries as four week moving average also declines to 336,750.
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Gasoline prices expected to rise then fall this summer
The Energy Information Administration expects nationwide gasoline to average $1.81 a gallon in June, up from $1.78, then ease through September to about $1.76. Regional spikes, notably California, are anticipated amid MTBE bans and sulfur rules, with imports and refinery runs keeping markets tight.
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