Winter Heating Oil Prices Rise Across Major U.S. Refineries
Exxon USA Mobil Corp and Texaco raised heating oil by up to 2 cents per gallon amid strong Northeast demand as cold weather drives prices higher. Qatar lifted crude by 4 dollars per barrel while Kuwait and OPEC pricing also edged up. Analysts foresee homeowners paying at least 1.25 dollars more per gallon by year end, with national heating oil averages around 1.025 dollars per gallon in November.
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Japan reels from worst snow storm in 18 years
Tokyo reports 33 dead and 31 missing as army and police rescue efforts spread across northern regions. Snowbound towns, avalanches in Niigata, and 11 inches of snowfall led to widespread isolation while government crews deliver food and aid.
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Avalanches and storms lash stricken Europe
Heavy snow and high winds swept across Europe stranding leaders and triggering deaths. Princess Margaret faced travel delays in Greece while Austria saw four tourists killed by avalanches and 6,000 people stranded in ski areas. Trudeau waited for helicopter rescue in Austria as Palermo reports its first major snow since 1962. Northern Italy and Switzerland faced icy roads and record cold.
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Inflation Moderates As Food Costs Dip In December
UPI reports DecemberInflation eased as food prices fell across manufacturing, while the unemployment rate slipped to 7.4 percent. The Labor Department noted a 0.6 percent rise in finished goods prices, with energy up and food down, contributing to a 7.8 percent annual inflation rate.
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Amherst Council Clash Over Mayoral Vetoes Returns to Line
In Amherst the council and mayor clash over vetoes and overrides. DePaola vetoed 18 of 77 ordinances in 1980 and a number of resolutions while the council overrides or delays action. Citizens complain of road and salt issues amid icy conditions and political tension as all council members seek re election.
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U S. in Algiers for talks on Iran hostage proposals
U S negotiators linger in Algiers amid informal contacts and new messages from Iran regarding freeing 52 American hostages. Deputy Secretary Warren and team head say no formal meetings yet. Saunders notes more messages to review as the crisis nears its 432 days.
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Prime rate cuts spread as banks move to 20 percent
New York banks led by Citibank and Manufacturers Hanover Trust cut prime lending to 20 percent amid broad expectations of a national rate alignment. Morgan Guaranty earlier shifted to 20 percent with Chemical Bank at 19 percent, signaling a cautious easing in a mixed rate environment.
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Pass vs kick polarizes Browns playoff choice
A Browns fan poll shows split views on whether to pass or attempt a field goal in the final moments. Critics blame Cockroft’s cold-weather kicking for the loss, while supporters note his clutch history and argue a field goal would not guarantee victory.
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Haig defends Nixon role amid Watergate probe during hearings
Secretary of State designate Alexander Haig told the Senate committee he loyally defended Nixon as commander in chief but acted within the law on Watergate Cambodia bombings and wiretaps. He testified eight times under oath with no found culpability and denied any role in a Watergate cover up. Haig urged foreign policy rooted in consistency, strong alliances, prudence toward the Soviet Union, and a fair arms treaty.
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Buckeye girls seek stay at all white school amid busing fight
Three Buckeye, Louisiana white girls defy a federal desegregation order by staying home to avoid transfer to a black-leaning school. A temporary agreement bars truancy charges until a contempt hearing next week, as officials navigate federal versus state authority and Klan protests loom. The case centers on jurisdiction and education access amid mandated busing to Jones Street Junior High.
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