With sevenyear lows. Those low oil prices are pressuring gas prices which today according to aaa fell below 2 a gallon nationwide on average for the First Time Since 2009. Thats the depths of the great recession. To put that into perspective, that price is cheaper than a gallon of milk and a dozen eggs. And as Jackie Deangelis reports, thats saving americans a lot of money. Reporter the world is awash with oil, and prices continue to decline. The theme of lower for longer expected to last well into the new year. Its a problem for big oil, Energy Companies and the stock market. But its been a boon for consumers. As predicted by aaa, the National Average for a gallon of regular gas has fallen under 2. More than 2 3 of u. S. Gas stations are selling gas below that price. Translation americans have saved more than 115 billion on gas this year. Roughly 550 per licensed driver. It is the holiday gift thats going to keep on giving. We could actually go about 10 to 20 cents lower from where we
With sevenyear lows. Those low oil prices are pressuring gas prices which today according to aaa fell below 2 a gallon nationwide on average for the First Time Since 2009. Thats the depths of the great recession. To put that into perspective, that price is cheaper than a gallon of milk and a dozen eggs. And as Jackie Deangelis reports, thats saving americans a lot of money. Reporter the world is awash with oil, and prices continue to decline. The theme of lower for longer expected to last well into the new year. Its a problem for big oil, Energy Companies and the stock market. But its been a boon for consumers. As predicted by aaa, the National Average for a gallon of regular gas has fallen under 2. More than 2 3 of u. S. Gas stations are selling gas below that price. Translation americans have saved more than 115 billion o gas this year. Roughly 550 per licensed driver. It is the holiday gift thats going to keep on giving. We could actually go about 10 to 20 cents lower from where we
Take us through the sort of help thats been given to them as they wait for this information. Reporter yes they have been coming to the airport terminal 2 where this aircraft took off from, right after this aircraft went missing. There was a long tents with plastic set up first. We got here sunday evening that was still there there were family members there. Then they moved inside facilities inside terminal 2 were not allowed in there. Sunday night and through monday officials went through the Vice President of indonesia was there, Tony Fernandez the ceo of yaishesz, airasia, he went in the with them. The updates on jakarta there was a directs video link set up and they were seeing the press conferences set up there. This was ongoing. When this latest news came that was something they were able to watch in that room privately but also televised across the nairgsnaish. Nation. Tony fernandez says they will fly anyone up here and put them up the focus is on the bodies and retrieving them.
Points. S p up by 11 1. 5 points and the nasdaq up 20 points. You add those two sessions together and you get more than 600 points. Consecutive the 00point gains for the dow, this only happened nine times in its entire history. Granted, were talking about points, not about percentages. Look at that chart. This is something that is 17. 778. Weve got another 150 points. I dont know the i dont know the exact high. The trading sessions left before the end of the year. Or no, thats just before christmas. 0. 4 is what it was yesterday. You could say we were getting excited about 80 or 90point gains. If theyre two and three percentage point swings, then 400point swings. Like we said, to get two back to back days over 600 points or 700 points, you could probably find more. But on point, weve just gotten into this territory. Major indexes have slashed losses by nearly two quarters. Procter gamble, oracle, target. The Global Markets taking a cue from wall street. They were catching up yesterday,
A train carrying crude oil derails and catches fire in West Virginia. The second Major Incident involving an oil train in the past few days. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Lets get to our top story and the Athens Stock Exchange is down 3. 3 . It follows significant declines yesterday. That followed a positive return of 23 . Last two days seeing it turn markedly. Lets look at greek bond yields also showing a spike in yields surrounding the situation. Ten year just shy of 10 and three year moved over 1 today. This after another round of talks between the euro group and greece over its bailout broke down. The finance minister called demands that athens would complete the program as absurd and unacceptable speaking this morning as he arrived. He remained confident that a deal would remain reached. Next step is the responsible step. Europe will continue to deliberate in order to enhance the chances. The euro Group Chairman has given gree