Entries in February (2)


February Retail Sales See Best Gains In Four Months

Stockbyte/Thinkstock(WASHINGTON) -- Retail sales increased 1 percent last month, according to a government report released Friday.

Higher gas prices helped push sales toward their eighth straight month of gains and the biggest overall jump in four months.

Sales last month -- which totaled $387.1 billion -- ranked 8.9 percent higher than the same period in 2010.

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Gas: Prices Inch Up to New February High

Photo Courtesy - Getty Images(WASHINGTON) -- The Energy Department reported Monday afternoon that the national average price of a gallon of unleaded has reached $3.140 -- slightly higher than last week’s price of $3.132, making it the highest price ever posted during the month of February (data in this series going back to 1990).
Crude oil prices, however, are well off their recent highs. Oil prices fell 77 cents to settle at $84.81 a barrel in New York trading Monday.
Gasoline prices tend to go up quickly when oil prices are rising, and will fall at a much slower pace when oil prices drop.

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