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US economy shrank at 2.9 percent rate last quarter, worst since recession, before recovering

...possibility that tensions in the Middle East could cause oil prices to surge given the deteriorating crisis in Iraq.Surging energy prices have preceded earlier economic slowdowns, including the most recent recession.

http://chronicle.augusta.com/news/business/2014-06-25/us-economy-shrank-29-perce
Why back Obama still?

Fuel prices are on the rise ? twice what they were in 2008. Energy prices are on the rise ? 13 cents per kilowatt-hour, higher now than at any previous time. Food prices are on the rise. Inflation...

http://chronicle.augusta.com/opinion/letters/2014-05-06/why-back-obama-still
Tips to keep your heating bill lower

...boiler or furnace.These investments can pay for themselves in heating savings in just a few years, especially when energy prices are high.Switching from oil heat to natural gas is expensive ? it costs $5,000 to $10,000, depending on how...

http://chronicle.augusta.com/news/business/2013-10-12/tips-keep-your-heating-bil
Dependence on government is crippling American initiative

...said that 5 million had attempted to shop, only to pull that number back significantly within hours.Gas and other energy prices are higher than ever and are going to increase, and we still have no national plan for becoming energy-independent...

http://chronicle.augusta.com/opinion/opinion-columns/2013-10-12/dependence-gover
Fear of US military intervention in Syria sends stocks falling; Gold and oil prices jump

...ounce while the yield on the benchmark U.S. 10-year Treasury note fell to 2.71 percent from 2.79 percent.Energy prices dragged down the airline industry on concerns that higher oil prices could lead to higher fuel costs. United Continental...

http://chronicle.augusta.com/news/business/2013-08-27/fear-us-military-intervent
Americans spent more at retail stores in July, lifting hopes for a rebound in the second half of the year

...Labor Department said in a separate report Tuesday that wholesale prices rose 0.3 percent in July from June. Lower energy prices offset sharp gains in the costs of food, cars and light trucks.The most critical measure of the economy's health...

http://chronicle.augusta.com/news/business/2012-08-14/americans-spent-more-retai
Dow down 205 as weak earnings drag market lower

...percent late Thursday.The disappointing earnings and a report showing a drop in home sales last month also pushed energy prices lower. The price of oil fell 2.2 percent on the New York Mercantile Exchange. Benchmark crude lost $2.05 to end...

http://chronicle.augusta.com/news/business/2012-10-19/dow-down-205-weak-earnings
US consumer spending, personal income rise in September

...September. That drove an inflation gauge tied to consumer spending up 0.4 percent last month. But excluding food and energy, prices rose just 0.1 percent. And gas prices have dropped since then.With eight days until the election, the economy...

http://chronicle.augusta.com/news/business/2012-10-29/us-consumer-spending-perso
After price spikes, gas could get cheaper in 2013

...worry about inflation," said James Hamilton, an economist at the University of California at San Diego who studies energy prices.Forecasters caution that they can't predict other factors such as Middle East tensions, refinery problems or hurricanes...

http://chronicle.augusta.com/news/business/2013-01-10/after-price-spikes-gas-cou
US factory orders up 1.8 percent in December

...December after a 1 percent drop in November. The weakness reflected declines in petroleum products related to declines in energy prices during the month.For the year, total factory orders rose 3 percent to $5.66 trillion. This reflected a slowing...

http://chronicle.augusta.com/news/business/2013-02-05/us-factory-orders-18-perce