The Delaware Gazette

Q&A: What makes gasoline prices rise?

NEW YORK — Watch­ing the num­bers on the gas pump tick ever higher can boil the blood and lead the mind to won­der: Why are gaso­line prices so high?

Obama, GOP vie for upper hand on energy

MALJAMAR, N.M. — Woo­ing a nation of increas­ingly angry motorists, Pres­i­dent Barack Obama and his Repub­li­can rivals are all plung­ing into gas-pump pol­i­tics, seek­ing the upper hand as energy becomes a dri­ving issue in the elec­tion campaign.

Obama: Time has come to wind down Afghan war

WASHINGTON — Amid fresh con­cerns over the safety of Amer­i­can forces, Pres­i­dent Barack Obama on Tues­day said the acci­den­tal burn­ing of Qurans in Afghanistan and the retal­ia­tory killings of U.S. troops gave new cre­dence to the need to end the war.

A mid-year economic review: Is the economy running out of steam?

At the end of 2010 and early in 2011, econ­o­mists couldn’t say enough about the favor­able growth path that the U.S. econ­omy seemed to be enter­ing. A fairly typ­i­cal fore­cast pub­lished in Jan­u­ary 2011 stated, “(e)conomists sur­veyed by the The Wall Street Jour­nal are increas­ingly opti­mistic about the pace of the recov­ery, pre­dict­ing the U.S. will grow at bet­ter than a 3.2% annual rate in each quar­ter of this year.”

OPEC leaves output on hold, causing oil price jump

DG226503_web_060911_web_opec

VIENNAOPEC unex­pect­edly left its pro­duc­tion lev­els unchanged Wednes­day, caus­ing oil prices to jump, as senior offi­cials said their meet­ing ended in dis­ar­ray — a stun­ning admis­sion for an orga­ni­za­tion that places a pre­mium on con­sen­sus deci­sion mak­ing. OPEC offi­cials said that because of a pol­icy dead­lock, the group will main­tain present out­put ceil­ings with the option of meet­ing within the next three months to con­sider a hike.

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