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That represents an average drop for the week of nearly 4 cents. The lowest regular gasoline prices by region were in the Midwest at $1.478/gallon, followed by the Gulf Coast at $1.508/gallon, while the West Coast maintained the highest average price per gallon at $2.454 ($2.216 excluding California).

(Washington, DC) – Following a hard-fought battle over excessive demurrage charges and inconsistent rail service, scrap recyclers won a major victory towards improving the nation’s rail network for shippers and railroads alike. In a series of decisions, the Surface Transportation Board (STB) rebuked the railroads for unreasonable practices combined with non-transparent, inaccurate billing, and an...

Harry Tchilinguirian, global oil strategist at BNP Paribas in London, told the Reuters Global Oil Forum that “the shift of open interest away from June will have negative consequences for the liquidity of the contract, potentially leading to greater volatility in its price.” In London, base metal prices were mixed this morning as LME 3-mo....

In case you missed it, here are some of the depressing economic reports that we’ve seen in the U.S. and around the world over the last two weeks: United States New orders for U.S. durable goods declined 14.4% in March 2020; U.S. initial unemployment claims came in at 4.4 million for the week ending April...

Investors will be paying extremely close attention to central bank announcements this week, with statements due out from the Federal Reserve, European Central Bank, and Bank of Japan. The Financial Times reports, “Fed Chair Jay Powell… said projections for the economy or policy rates ‘didn’t seem to be useful’ given the intense uncertainties related to...