Gas prices

Share to Twitter Share to Linkedin Topline Gas prices are steadily but slowly dropping ahead of July Fourth and further relief at the pump may be coming ahead of one the most popular driving days of the year, though prices are still elevated compared to 2021. Key Facts The average national gas price Monday is $4.897 per gallon, according to the American Automobile Association, which is down 12 cents from its peak of $5.016 on June 14. Patrick De Haan, GasBuddy’s head of petroleum analysis, predicted Sunday the national average for gas prices could fall to as low as $4.75 by July Fourth as crude oil prices fall. That would still represent a more than 50% increase from last July Fourth, when the national average gallon of gas was $3.13, per AAA. Still, AAA forecasts a record-high 42 million Americans will travel 50-plus miles over the holiday weekend – a telling sign as demand for gas remains largely unfazed by the historic … [Read more...] about What To Expect For July 4th Gas Prices

G7 leaders gathering for lunch at the Schloss Elmau hotel in Elmau, Germany on Monday (June 27). The G7 leaders have also agreed to take a more coordinated approach to challenging China's 'market-distorting' practices in global trade. (Photo by Susan Walsh/Pool via Reuters) - A + A SCHLOSS ELMAU (June 28): The Group of Seven (G7) economic powers have agreed to explore imposing a ban on transporting Russian oil that has been sold above a certain price, they said on Tuesday. "We invite all like-minded countries to consider joining us in our actions," the G7 leaders said in the communique. The war in Ukraine and its dramatic economic fallout, in particular soaring food and energy inflation, has dominated this year's summit of the group of rich democracies at a castle resort in the Bavarian Alps. The G7 is looking at price caps as a way to prevent Moscow profiting from its invasion of Ukraine, which has sharply raised energy prices, taking the sting out of Western … [Read more...] about G7 agrees to explore cap on Russian oil price — communique

Share to Twitter Share to Linkedin It’s been two weeks since I returned from our 2022 Forbes Under 30 Summit EMEA in Israel and it’s still hard for me to answer everyone’s first question: What was the best part? Sure, tasting my way through “The Shuk” marketplace in Jerusalem was an experience unlike any other, as was ringing the bell at the opening ceremony of the Tel Aviv Stock Exchange alongside a group of brilliant and talented Under 30 alums. But I think the part that sticks with me the most was my time at Jerusalem’s Margalit Startup City , one of Startup Nation’s signature innovation hubs. Situated under vibrant cherry trees, I got to watch members of the Forbes Under 30 community mentor 11 early-stage Middle Eastern startups —many of who have made it their mission to solve the Israeli-Palestinian conflict. Take Andy Hirsh, whose animation studio Olive Branch Pictures is addressing the conflict with a children’s film about two young women … [Read more...] about Inside The Forbes Under 30 EMEA Summit: Tackling Conflicts And Forging Coexistence In Israel

Share to Twitter Share to Linkedin Food prices are soaring as inflation, product instability, and supply chain delays are causing all sorts of havoc within the food industry. As a result, consumer packaged goods manufacturers and food & beverage companies have to rethink their strategies and offerings and even question how consumers consume as they try to navigate this uncertain time. The consumer packaged goods and food & beverage industries may have taken the hardest hits in recent years, reeling from constant disruptions. The lingering effects of a global pandemic were only the start. Continuing shortages of raw materials from Ukraine and Russia, production and processing delays, and fast-rising oil and gas prices have directly impacted food-related manufacturing, transportation of goods, and agricultural supply chains. Today, the business of producing and distributing food and beverage products is fraught with economic unease and supply chain … [Read more...] about When It Comes To CPG And Food & Beverage Companies – Investing In Purpose-Built Supply Chain Intelligence Matters

A placard reads "we welcome the relocation of the presidential office to Yongsan Defense Ministry compound," in Yongsan District, central Seoul, on Sunday. [YONHAP] Moving the presidential office to Yongsan District, central Seoul, has received a mixed response in Yongsan District itself. The office, which is currently situated in Jongno District, central Seoul, is set to be relocated to the Defense Ministry compound, President-elect Yoon Suk-yeol announced during a press conference Sunday morning. Yoon will begin work at the new Yongsan office on May 10, when his term begins. Following the announcement, some local property owners in Yongsan expressed worries while others buzzed with excitement. Redevelopment is the key issue. Skeptics believe that the relocation wil inevitably slow ongoing redevelopment plans, but those who welcomed the news are expecting improvement in the residential environment. A placard opposing the presidential office relocation in Yongsan … [Read more...] about Yongsan mixed on hosting presidential office

By ZEKE MILLER and GEIR MOULSON ELMAU, Germany (AP) — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war grinds on. The final statement from the Group of Seven summit in Germany underlined their intent to impose “severe and immediate economic costs” on Russia. It left out key details on how fossil fuel price caps would work in practice, setting up more discussion in the weeks ahead to “explore … the feasibility” of measures to bar imports of Russian oil above a certain level. That would hit a key Russian source of income and, in theory, help relieve the energy price spikes and inflation afflicting the global economy as a result of the war. “We remain steadfast in our commitment to our unprecedented coordination on sanctions for as long as necessary, acting in … [Read more...] about G-7 leaders united behind Ukraine, aim at Kremlin oil money

- A + A SINGAPORE/MELBOURNE/NEW YORK (June 28): PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the Middle East, Africa and central Asia, two people with knowledge of the matter said. PetroChina's plan follows a similar strategic shift by smaller state peer CNOOC Ltd, which was preparing to exit its operations in Britain, Canada and the United States because of concerns the assets could become subject to Western sanctions. The sales follow an internal review of PetroChina's global portfolio that began last year, the two sources said, declining to be named as the discussions are not public. Unlike CNOOC's sales, PetroChina's divestitures are driven more by the assets' disappointing economics than any fear of US sanctions, as it does not own any oil and gas assets in the United States, though political strains with Australia and Canada also played a part, they said. … [Read more...] about PetroChina may sell Australian, Canadian assets to stem losses, say sources

(KHN) A brand of specialty mozzarella cheeses. A collection of natural-gas storage terminals. And America's top-selling emergency contraception. At a moment when half of US states stand poised to outlaw or sharply curtail abortion services, the last-ditch pill for women aiming to stave off an unwanted pregnancy rests in the unlikely stewardship of two private equity firms whose varied investment portfolios include Italian foods, vineyard management and children's cough medicine. Got long Covid? Seniors should prepare to go slow Kelso & Co. and Juggernaut Capital Partners bought Plan B One-Step from Teva Pharmaceutical Industries Ltd. for $675 million in 2017 as the Israeli-based pharmaceutical giant was selling off its global women's health business. In the years since, the drug has become America's most widely used over-the-counter emergency contraception and — at an average cost of $45 per dose — one of the highest-priced over-the-counter … [Read more...] about Future of America’s most popular emergency contraception is complicated by misinformation

Share to Twitter Share to Linkedin Typically, any discussion of actively removing carbon dioxide (CO 2 ) from the earth’s atmosphere to help reduce the greenhouse effect of manmade emissions has so far centered on carbon storage and capture. That usually means removing CO 2 from the waste stream at a high-emission generation point (for example, a power plant) and then putting it into long-term storage, such as by pumping it far underground. The problem with that approach is that it layers costs upon costs, with only very diffuse benefits. That makes it really difficult to get off the ground in any scalable way. What if instead, our elevated levels of atmospheric CO 2 were viewed as a business opportunity? That’s the approach that the folks at AirCapture LLC, based in Berkeley, California, are taking. Their mission is to use their Direct Air Capture (DAC) technology to pull CO 2 straight from the atmosphere, anywhere it’s needed for other industrial … [Read more...] about AirCapture And 3D Systems Partner To Make Decarbonizing Our Atmosphere Profitable

Share to Twitter Share to Linkedin Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fears and new economic data showing that consumer confidence plunged to a 16-month low. Key Facts Stocks erased earlier gains and finished lower: The Dow Jones Industrial Average fell 1.6%, nearly 500 points, while the S&P 500 lost 2% and the tech-heavy Nasdaq Composite 3%. Markets took a hit after the latest data from the Conference Board, with the consumer confidence index falling to a reading of 98.7, down from 103.2 in May and its lowest level since February 2021. What’s more, consumers’ short-term outlook for the economy fell from 73.7 last month to 66.4 in June, marking the lowest reading in nearly a decade (since March 2013), according to the Conference Board. Retail stocks took a hit from the … [Read more...] about Dow Plunges Nearly 500 Points, Recession Fears Resume As Consumer Confidence Hits New Low