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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
May 25, 2004
Page
19
The national average for all grades of gasoline sits at 2.10 a gallon after a 14 cent two week gain. Industry analyst Trilby Lundberg says demand remains strong despite higher prices and predicts oil supply could rise regardless of OPEC actions.
Oil futures touched a new high as Light crude for July delivery rose 1.79 to 41.79 on the NYSE while gasoline futures gained 4.1 cents to 1.4578 a gallon. Saudi pledge to boost output faces slippage as OPEC members resist formal quota increases. Inflation-adjusted costs temper the surge against historic crises.
Havana reopens 5,000 dollar‑only shops two weeks after a government order to raise prices. Granma cites U S measures as triggers. average store price rise about 15.4 percent. Cuban workers earning pesos protest as wages average under $20 monthly while dollars drive access to basic goods.
Granite City Illinois farm owner John Tarpoff presses for broader BSE screening arguing young cattle testing is unnecessary yet vital for a Japanese market policy. USDA restricts testing to its own labs under a 1913 law, citing risk of false positives and need for a single confirmatory authority.
Huffy Corp will not release its first quarter earnings until June. The company had planned a May 17 release after retaining a third party to value assets. Huffy sold part of its Gen-X unit in March and cited higher than expected Gen-X expenses. Shares traded at 96 cents, down 10 cents on the NYSE.
Tony Hill, a 50 year old former Elyria resident, returns from California to launch illuminated address signs. He will distribute through Dusk to Dawn Address Lights Inc based in Arizona and targets local homebuilders to expand adoption for emergency responders.
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