President Donald Trump is hoping a wave of tax-cut-fueled economic euphoria will boost his approval ratings and his party’s political fortunes this fall. A sharp spike in gas prices could slam the brakes on all of that. As Americans head out for traditional Memorial Day weekend road trips, they’ll confront gas prices of nearly $3 a gallon, the highest since 2014 and a 25 percent spike since last year.Story Continued Below The increased cost of fuel is already wiping out a big chunk of the benefit Americans received from the GOP tax cuts. And things could get worse as summer approaches following the administration’s standoff with Iran and a move by oil-producing nations to tighten supplies. The result: The economic and political benefits Trump and the GOP hoped to reap from cutting tax rates could be swamped by higher pump prices that Americans face every time they hit the road. “If you look at the benefits of what households are getting from lower rates, roughly … [Read more...] about Trump’s next economic threat: Surging gas prices
In April, more homes sold in Greater Boston than in the same month the year before, according to data the Greater Boston Association of Realtors released this week. But the higher number of sales, however, did not necessarily translate into lower home prices. “The reality is buyer demand continues to far exceed housing supply, and that’s putting upward pressure on home prices,” Marie Presti, association president, said in a news release. “As a result, homes and condos are selling quickly, typically in a month to five weeks if priced right, and most are selling at or above asking price.” The median sales price of a single-family home in Greater Boston rose to a record high of $612,000 last month, a 3.7 percent increase from April 2017. Condo prices also hit a record high for the month, with a 14.2 percent jump taking the median price from $520,000 to $593,629. How did your community fare? Central MiddlesexActon, Bedford, Boxborough, Concord, … [Read more...] about Home prices rose in most of Greater Boston. How did your area fare?
If you're hitting the road this holiday weekend, buckle up for the highest gas prices in several years.Grab your MetroCard, headphones and a good book - gas prices are going up again.Gas prices have been on the rise lately; the national average for regular gas is $2.93. And those numbers correlate nationally, with 5 percent more people traveling the country this holiday compared to previous year.The association survey found that drivers in Wichita Falls are paying the least in Texas at $2.65 per gallon, while motorists in Midland are paying the most at $3.06.Boston is also a top destination for Memorial Day weekend getaways, according to AAA, ranking at number 8 on the top 10 travel spots, so more people than usual could also be traveling into the city. Most of that travel will be road trips, with 2.9 million Texans hitting the highways, which means a lot of congestion this weekend.With a 4.8 percent increase from 2017, 41.5 million travelers are predicted to take to the roads, skies, … [Read more...] about Higher gas prices for Memorial Day weekend
Friday May 25, 2018 12:01 AM GasBuddy survey expects impact on summer travel; OPEC, U.S. sanctions, unrest in Venezuela all seen having an impact. Written by Beth Brelje — Gas prices have soared to a pre-Memorial Day weekend high not seen in Pennsylvania since 2014, with prices at pumps in Berks County averaging $3.10 per gallon. To read the full story, choose an option below Login $1 day pass Subscribe - Plans starting as low as 25 cents a day. … [Read more...] about Pennsylvania gas prices hit high not seen since 2014
Peter Butler was once a financial analyst for the city of St. Paul. He’s got his hang-ups with St. Paul’s new organized trash collection system, and he’s taking his environmental concerns to court. Rather than incentivize recycling through pricing, Butler said the city offers a hefty discount per gallon to property owners who generate the most waste. Butler filed a lawsuit against the city of St. Paul in Ramsey County District Court on Monday alleging violations of the state’s Waste Management Act, which sets goals for waste reduction and reuse or recycling. He notes in the suit that under the act, “land disposal is considered the least preferred waste-management practice.” Apartment owners say St. Paul’s one-cart-per-unit rules will triple trash costs — or worse The act requires charges for municipal solid-waste to increase with the volume or weight of the waste collected, but Butler said that’s not how St. Paul’s new pricing … [Read more...] about Lawsuit claims St. Paul’s organized trash pricing violates state law