Tonight: Mostly cloudy with an overnight low in the low/mid 30s.
Friday: Partly sunny with an afternoon high in the ... More...
Area Gas Prices Basically Stable
Average retail gasoline prices in Chattanooga have fallen 0.9 cents per gallon in the past week, averaging $3.21/g yesterday, according to GasBuddy's daily survey of 170 gas outlets in Chattanooga. This compares with the national average that has fallen 0.4 cents per gallon in the last week to $3.57/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Chattanooga during the past week, prices yesterday were 27.4 cents per gallon lower than the same day one year ago and are 14.1 cents per gallon lower than a month ago. The national average has decreased 9.5 cents per gallon during the last month and stands 16.6 cents per gallon lower than this day one year ago.
"As driving season works closes out, the national average has been remarkably quiet, so far, but that may change as gasoline inventories declined a sizable about last week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The Energy Information Administration in its weekly report issued last Wednesday highlighted one of the largest drops in gasoline inventories this year. That was likely a culprit for a late-week rally in gasoline futures and spot prices, which in turn may mean that as this week wears on, gasoline prices could start showing some upward movement. Any increases may be limited, however, by the impending end of summer driving season," DeHaan said.
More Business News
Last Update on December 18, 2014 08:45 GMT
ECONOMY-THE DAY AHEAD
WASHINGTON (AP) -- Labor Department releases weekly jobless claims, 8:30 a.m. Eastern Time.
Mortgage company Freddie Mac releases weekly mortgage rates, 10 a.m.
Conference Board releases leading indicators for November, 10 a.m.
SONY HACK-NORTH KOREA
NEW YORK (AP) -- A U.S. official says North Korea perpetrated an unprecedented act of cyberwarfare against Sony Pictures that exposed tens of thousands of sensitive documents and escalated to threats of terrorist attacks that ultimately drove the studio to cancel all release plans for "The Interview," the film at the heart of the attack.
Federal investigators have now connected the Sony Pictures hack to the isolated communist nation, according to an official who spoke on condition of anonymity because the official was not authorized to openly discuss an ongoing criminal case.
Earlier in the day, the besieged company said it was canceling the Christmas Day release of "The Interview." It cited the threats of violence against movie theaters and decisions by the largest multiplex chains in North America, one after another, to pull the film from its screens.
The attack is unprecedented and possibly the costliest for a U.S. company ever, says Avivah Litan, a cybersecurity analyst at research firm Gartner.
LOS ANGELES (AP) -- Taxi alternative Uber is responding to public concerns that its drivers are not adequately screened for past criminal convictions by promising to focus on rider safety.
Uber's head of global safety wrote in a blog post Wednesday that in 2015 the company will "build new safety programs and intensify others."
The initiatives will include new ways to screen drivers and the creation of teams that can rapidly respond to safety-related reports.
The blog referenced a case in India in which a driver was accused of raping a passenger. It didn't mention a lawsuit filed by California prosecutors which says the company's safety checks of drivers fall short.
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