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Fed minutes show officials split on best way to signal when first rate increase might occur

...in Iraq and Ukraine "as posing possible downside risks to global economic activity or potential upside risks to world oil prices."At its June meeting, the Fed kept policy essentially unchanged, holding its key short-term interest rate at a...

http://chronicle.augusta.com/news/business/2014-07-09/fed-minutes-show-officials
US economy shrank at 2.9 percent rate last quarter, worst since recession, before recovering

...rosy. Analysts see risks to their forecasts, primarily the 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...

http://chronicle.augusta.com/news/business/2014-06-25/us-economy-shrank-29-perce
High gas prices in metro Augusta leads to more cyclists

...in the springtime. In addition, the ongoing conflict between Russia and the Ukraine has resulted in elevated crude oil prices."Drivers can't seem to catch a break with gas prices rising nearly every day since February," said Avery Ash...

http://chronicle.augusta.com/news/business/local-business/2014-05-01/high-gas-pr
Slowing Chinese economy likely to pinch US, too

...point drop in China's economic growth causes as much damage to the U.S. economy as a $20-a-barrel increase in oil prices: It shaves 0.2 percentage point off annual U.S. growth.That isn't catastrophic, but to regain its full health...

http://chronicle.augusta.com/news/business/2014-05-06/slowing-chinese-economy-li
High jet fuel prices have protected existing airlines from startups, prevented fare wars

...These changes, along with high oil prices, have created an insurmountable roadblock...billion more gallons of fuel.High oil prices forced the major airlines to do business...organization," Knittel says.High oil prices have also caused lenders to take...

http://chronicle.augusta.com/news/business/2014-04-16/high-jet-fuel-prices-have-
Higher gasoline prices are on the way, but the spring surge may be tamer than in recent years

...Kloza, the chief oil analyst at Gasbuddy.com and the Oil Price Information Service. "We're going to get that pop...lower than last year at this time, even though crude oil prices are about the same, in part because gasoline supplies...

http://chronicle.augusta.com/news/business/2014-02-14/higher-gasoline-prices-are
Cold Christmas in Augusta, but no snow

...relatively stable until the new year," said Jessica Brady, AAA spokeswoman. "The stability may not last long."Oil prices recently jumped in reaction to a growing U.S. economy and prices at the pump are expected to rise after the first...

http://chronicle.augusta.com/news/metro/2013-12-23/cold-christmas-augusta-no-sno
Oil prices might fall on easing tensions with Iran

NEW YORK - Oil prices could be headed lower after the preliminary...and the West eases tensions that pushed oil prices higher in recent years.But the deal...and descend deeper into acrimony.But oil prices appear to be headed lower for now, in...

http://chronicle.augusta.com/news/business/2013-11-25/oil-prices-might-fall-easi
Gas prices continue to drop

...have a major impact on people's travel plans."The value of the dollar increased in late October and helped push oil prices below the $95 threshold. In addition, U.S. stockpiles rose an additional 4 million barrels.Last Thanksgiving...

http://chronicle.augusta.com/news/metro/2013-11-11/gas-prices-continue-drop
Gas prices move higher after government reopens

...an eight-month low, which has an abrupt effect on oil prices.The cost for a barrel of oil closed Friday at $100...switch to cheaper winter fuel blends and lower crude oil prices.The federal government shutdown also pressured prices...

http://chronicle.augusta.com/news/metro/2013-10-21/gas-prices-move-higher-after-