Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low. “The drop of a dollar per gallon has not been enough to restore motorist demand, which is in retreat due to sustained high price levels,” Lundberg said in a statement.
Monday s business headlines wishtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wishtv.com Daily Mail and Mail on Sunday newspapers.
CHINA
<strong>Home prices keep falling</strong>
Home prices fell last month for the 11th consecutive month, underscoring how government relief efforts are failing to curb the country’s spiraling real-estate crisis. New home prices in 70 cities, excluding state-subsidized housing, declined 0.11 percent from June, when they sank 0.1 percent, National Bureau of Statistics figures showed yesterday. Existing-home prices fell 0.21 percent, the same as a month earlier. Residential prices have been declining in smaller cities, the bureau said in a separate official statement.
UNITED STATES
<strong>Fuel costs fall at pumps</strong>
The average price of regular-grade gasoline fell US$0.45 over the past three weeks to US$4.10 per