Consumer Confidence Index Drops Despite Decreasing Gasoline Prices

A private research group shows that consumer confidence dropped in the month of June for the fourth consecutive month, as concerns about employment and the entire economy offset the reduction in gasoline prices and the slight betterment of the housing industry. The decrease was moderate. Recently, the Conference Board said that there was a drop in the May to June consumer confidence index, from...
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China seeks influx of private, domestic oil investment

China’s energy sector is mostly comprised of government-owned firms. Of late, however, it is urging inflow of more investments from private domestic groups. Apparently, it’s a strategy to hasten oil exploration and power generation within the country The Ministry of Land and Resources disclosed that private firms will be urged to invest in oil exploration and natural gas projects within China,...
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New UAE pipeline will boost Arab oil flow amid Hormuz concerns

Abu Dhabi had earlier earmarked oil investment funds for building a pipeline system from its major oil hubs down to Fujairah in the Gulf of Oman. Recently, the project was successfully completed and some sectors say that Fujairah, one of the 7 states of United Arab Emirates (UAE), could turn out as an alternative passage for Arab crude oil exports in case Iran proceeds with its threat to close...
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Drop in Gasoline Prices may be a Beneficial to US Economy

The Federal Reserve and Congress are unlikely to give any significant economic stimulus. However, gasoline stations might. The average gasoline price has declined by around 10%, or 40 cents, since it reached the peak level of $4 per gallon in the early parts of April. With the expected gasoline consumption of 133 billion gallons this 2012, the reduction of 40 cents can add up to around $53...
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Falling Gasoline Prices Slowed Inflation Rate

Consumers experienced some relief in gasoline prices last May as declining prices weakened the total inflation for the month. The Consumer Price Index (CPI), the government’s primary measure of inflation, showed a drop in consumer prices by 0.3% last month. That is the deepest drop in a month since December of 2008. Falling current gas prices contributed greatly to this outcome, with a...
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