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Gasoline prices have dropped 48%

Gas price bust is a boon, but will it stick? Gasoline prices have dropped 48% since Labor Day, easing the burden on the consumer. By Ronald D. White November 27, 2008 Those dreaded trips to service stations this summer to get gas at more than $4.50 a gallon were repeated body blows to consumer confidence, but the dramatic collapse of prices may help resurrect buying habits and salve...

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U.S. average gasoline price drops below $2 a gallon

By Ronald D. White Long-awaited relief at the pump continued over the last week with the nation’s average retail gasoline price falling below $2 a gallon to its lowest level in 46 months, the Energy Department said Monday. It’s also been that long since California’s average gasoline price was below $2 a gallon. But the state [...]

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Federal Reserve sees recession to at least mid-2009

The central bank indicates interest rates will be cut again soon. The news, along with other economic concerns, sends Wall Street into another panic. Reporting from Los Angeles and Washington Ronald D. White -- Although consumers got some welcome news Wednesday about the prices they pay, the clouds over the economy loomed larger than ever.

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TRUCKING INDUSTRY NEWS * USA - DHL to lay off 9,500 workers

The shipping firm's job cuts include 300 at a distribution center in Riverside County Los Angeles,CA,USA Times - The Los Angeles Times, by Ronald D. White and Dan Weikel -November 11, 2008: -- Struggling shipper DHL said Monday that it would close its 300-employee West Coast hub in Riverside County as it pulls out of the U.S. domestic shipping business, eliminating 9,500 jobs nationwide...