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Gas Prices on Memorial Day Weekend

Posted: 05/23/2015 - Triple A predicts about 33 million Americans will drive more than 50 miles during this Memorial Day weekend.
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  • Yellen tone suggests choppiness for markets ahead

    A street sign for Wall Street hangs in front of the New York Stock ExchangeU.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the first hike dependent on the strength of economic data. Some weak reports have pushed back the expected lift-off, but Yellen's words suggest the Fed is still headed to rate increases later this year.


  • Iran says OPEC unlikely to change output ceiling: Mehr news agency

    Iranian Oil Minister Zanganeh talks to journalists as he arrives at his hotel ahead of an OPEC meeting in ViennaOPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency. "Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems unlikely that the OPEC production ceiling will change," Zanganeh was quoted as saying. Last month, Zanganeh said the producing group should cut its target daily crude production by at least 5 percent, or approximately 1.5 million barrels per day.


  • Greece hasn't got the money to make June IMF repayment: interior minister

    A Greek national flag flutters next to a statue of ancient Greek goddess Athena, in AthensATHENS/LONDON (Reuters) - Greece cannot make debt repayments to the International Monetary Fund (IMF) next month unless it achieves a deal with creditors, its interior minister said on Sunday, the most explicit remarks yet from Athens about the likelihood of default if talks fail. Shut out of bond markets and with bailout aid locked, cash-strapped Athens has been scraping state coffers to meet debt obligations and to pay wages and pensions. After four months of talks with its euro zone partners and the IMF, the leftist-led government is still scrambling for a deal that could release up to 7.2 billion euros ($7.9 billion) in remaining aid to avert bankruptcy.


  • After bruising safety crisis, U.S. car watchdog shows its bite

    Mark Rosekind testifies before a Senate hearing on his nomination to be administrator of the NHTSA in WashingtonThe U.S. auto safety watchdog, long criticized as toothless and slow, is showing both bark and bite under its new boss - a testimony to his credentials as a safety expert and a hardening of the administration's policy after a wave of deadly defects. Having taken the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has wasted no time in forcing reluctant companies into recalling millions of defective vehicles. In doing so, he has shown greater willingness than some of his predecessors to use the government’s full legal powers over the industry, some for the first time. In the past week alone, the agency announced the biggest recall in history, involving nearly 34 million vehicles with potentially deadly Takata Corp air bags.


  • G7 finance ministers to address faltering global growth

    French Finance Minister Sapin listens to German counterpart Schaeuble during an EU finance ministers meeting in BrusselsFigures due on Friday from the United States that will almost certainly show the world's biggest economy contracted last quarter are also likely to feature. "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders disburse more aid, a senior ruling party lawmaker said on Wednesday, the latest warning from Athens it is on the verge of default.


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