Latest Retail and wholesale News

Average US gasoline price drops 4 cents to $5.05 per gallon

Jun. 26, 2022 16:15 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline fell by 4 cents per gallon in the past two weeks to $5.05 for regular grade, it was reported Sunday. It was the first drop in nine weeks and came with a drop in oil prices amid deepening global inflation...

Gas prices down in NJ, around the nation as oil prices fall

Jun. 25, 2022 09:48 AM EDT

TRENTON, N.J. (AP) — Gas prices are falling in New Jersey and around the nation due to lower crude oil prices and decreased demand. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.94, down eight cents from last week. Drivers were...

California governor, lawmakers near deal on gas tax rebate

Jun. 25, 2022 00:02 AM EDT

SACRAMENTO, Calif. (AP) — Most California taxpayers would get hundreds of dollars in cash to help offset the high price of fuel and other goods under a tentative budget compromise being discussed by legislative leaders and Gov. Gavin Newsom. The plan would return a portion of...

Manufacturers struggle to keep pace with vinyl record demand

Jun. 24, 2022 12:36 PM EDT

The arrival of the compact disc nearly killed off record albums, with vinyl pressing machines sold, scrapped and dismantled by major record labels. Four decades later, with resuscitated record album sales producing double-digit annual growth, manufacturers are rapidly rebuilding an...

Regents expand alcohol sales at South Dakota universities

Jun. 24, 2022 10:10 AM EDT

PIERRE, S.D. (AP) — South Dakota universities will begin to sell more alcohol at events next school year. The South Dakota Board of Regents approved an expanded alcohol sales policy Thursday to include general admission areas of performing arts and athletic events. ...

Hong Kongers reflect on Taiwan, an imperfect exile

Jun. 23, 2022 22:13 PM EDT

TAIPEI, Taiwan (AP) — For Lam Wing-kee, a Hong Kong bookstore owner who was detained by police in China for five months for selling sensitive books about the Communist Party, coming to Taiwan was a logical step. An island just 640 kilometers (400 miles) from Hong Kong, Taiwan is...

Kentucky governor declares emergency over high gas prices

Jun. 23, 2022 20:37 PM EDT

FRANKFORT, Ky. (AP) — Gov. Andy Beshear took action Thursday to combat any signs of price gouging at the pump, touting it as a consumer protection measure amid sky-high gas prices straining Kentuckians' budgets. The Democratic governor signed an executive order declaring a state of...

Oil industry says Granholm meeting sends 'positive signal'

Jun. 23, 2022 18:20 PM EDT

WASHINGTON (AP) — An oil industry meeting with Energy Secretary Jennifer Granholm to lower gas prices and boost domestic oil supplies was constructive, but did not produce a major breakthrough, administration and industry officials said Thursday. The closed-door meeting came as...

Mosaic, Bank of America fall; KB Home, Rite Aid rise

Jun. 23, 2022 16:25 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: KB Home, up $2.26 to $28.49. The homebuilder's second-quarter financial results beat analysts' forecasts. Worthington Industries Inc., up $3.67 to $44.08. ...

Nigerians blame fuel shortage on Ukraine war, fixed prices

Jun. 23, 2022 14:55 PM EDT

ABUJA, Nigeria (AP) — Nigeria is grappling with widespread fuel shortages that are forcing motorists to spend hours in lines to buy gas and causing prices to surge for transportation and basic commodities. Russia’s war in Ukraine has caused prices to import fuel go up by more...