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• Crawfish prices high, expected to drop Play Video

  March 29, 2013 4:01 PM

  BATON ROUGE - Crawfish are a hot commodity this weekend as families gather to observe the Easter holiday, but prices are higher than normal. One local seafood retailer said they had to increase price for the first time this Easter because of supply and demand. Still, crawfish lovers... more »

• Oil down with Cushing inventory nearly flat

  December 5, 2012 11:34 AM

  NEW YORK - Oil prices are lower Wednesday after the government reported that stocks of crude are still running much higher than usual for this time of year. Benchmark crude fell 24 cents to $88.26 in midday trading. Oil prices were higher earlier in the day. But the weekly report... more »

• Oil prices fall as Israel-Hamas truce holds

  November 26, 2012 3:07 PM

  NEW YORK - Oil is back below $88 per barrel after a slow day of trading. Analysts are giving two reasons for the decline. One is that the truce between Israel and Hamas in the Gaza Strip appears to be holding. The second is that traders are worried that negotiations... more »

• Families spending hundreds for Thanksgiving meal Play Video

  November 21, 2012 4:08 PM

  BATON ROUGE - According to the American Farm Bureau Federation, to feed a family of 10 this Thanksgiving, all you will need is a $50 bill. That only includes the necessities: a 16 lb. turkey, carrots, rolls, whipping cream, stuffing, whole milk, sweet potatoes, canned pumpkin, pie crusts, fresh... more »

• New York investigates Sandy price gouging

  November 5, 2012 2:54 PM

  ALBANY, N.Y. - More than 400 possible cases of price gouging have been reported in New York before and after Superstorm Sandy. Reports are being investigated in New York City, the Hudson Valley and on Long Island by state Attorney General Eric Schneiderman. Among the reports: The price of a... more »

• Ample supplies push oil down 1 pct

  October 18, 2012 10:19 AM

  NEW YORK - The price of oil is falling on expectations that China is less likely to roll out a stimulus program for its improving economy. U.S. benchmark oil fell 94 cents, or 1 percent, to $91.18 a barrel in morning trading. Brent crude, which many U.S. refiners use to... more »

• Oil rises slightly on unrest in the Middle East

  October 12, 2012 10:35 AM

  NEW YORK - The price of oil is slightly higher as worries about unrest in the Middle East are offset by new predictions of falling demand. Benchmark oil rose 1 cent Friday to $92.08 per barrel. Brent crude fell 83 cents to $113.84 per barrel in London. Oil prices... more »

• Oil prices fall after warning from World Bank

  October 8, 2012 10:44 AM

  NEW YORK - A strong warning from the World Bank that growth in Asia may slow further is dragging down the price of oil Monday. The World Bank signaled the possibility of a "more pronounced slowdown" in China, the world's second largest economy after the United States. It also cut... more »

• Oil rises as consumer confidence hits 7-month high

  September 25, 2012 10:14 AM

  NEW YORK - The price of oil is rising on news that U.S. consumer confidence is at the highest level since February. Benchmark oil gained 92 cents to $92.85 per barrel Tuesday in New York. The Conference Board's latest survey shows Americans are more optimistic about the availability of jobs... more »

• Oil drops below $92 on gloomy economic outlook

  September 24, 2012 10:35 AM

  UNDATED - The price of oil is lower on more doubts about global economic strength. Optimism about recent stimulus measures by central banks in Europe, Japan and the U.S. has given way to pessimism about the global economy's prospects. When economic growth slows, so does demand for fuel. The news... more »

• Pump prices fall; oil prices up slightly

  September 21, 2012 11:25 AM

  NEW YORK - The average price for gas dropped about 4 cents since last Friday, the biggest weekly decline in about three months. Louisiana's average gas price remained stable at $3.637. Analysts say motorists should see further declines through autumn. But they warn that the decreases will happen... more »

• Taiwan co. fined $500 million for LCD price fixing

  September 20, 2012 1:25 PM

  SAN FRANCISCO - A Taiwanese company has been fined $500 million and two of its former top executives sentenced to three years in prison for their leading roles in a global LCD screen price-fixing conspiracy. The sentences handed down Thursday are among the harshest penalties ever given in an antitrust... more »

• Last days of summer push up gasoline prices

  September 11, 2012 10:27 AM

  NEW YORK - The price of gasoline is seeing the biggest gain in two weeks Tuesday. But relief should be in sight by the time autumn arrives. AAA says the national average price rose 1.5 cents to $3.843 per gallon. That's up 15 cents from a month ago. Motorists... more »

• Oil prices fall as supplies up, Isaac heads inland

  August 29, 2012 10:38 AM

  NEW YORK - The price of oil is dropping after U.S. crude oil supplies rose last week for the first time in a month. Offshore oil facilities appeared to have incurred little impact from Hurricane Isaac as it swept through the Gulf of Mexico into Louisiana. That also depressed... more »

• Gas prices up 7 cents over 2 weeks Play Video

  August 26, 2012 6:14 PM

  CAMARILLO, Calif. - The average U.S. price of a gallon of gasoline has jumped 7 cents over the past two weeks. That's according to the Lundberg Survey of fuel prices, which puts the price of a gallon of regular at $3.76. Midgrade costs an average of $3.91 a gallon, and... more »

• AG: Price gouging laws in effect ahead of Isaac

  August 26, 2012 4:12 PM

  BATON ROUGE - Attorney General Buddy Caldwell said price gouging laws are now in effect, after Gov. Bobby Jindal declared a state of emergency ahead of tropical storm Isaac. The state's price gouging statute locks commodity prices at pre-emergency levels unless there's a national or regional market shortage. Affected... more »

• Oil falls on new signs of slowing global economy

  August 13, 2012 10:20 AM

  NEW YORK - The price of oil is falling as Japan becomes the latest country to report slower economic growth. Benchmark crude fell 62 cents Monday to $92.25 per barrel in New York. Japan says its economy grew less than expected in the second quarter in part because of less... more »

• Oil prices rise on surprise supply drop

  August 1, 2012 11:00 AM

  NEW YORK - The price of oil is climbing after the government said supplies have dropped more than analysts expected. Benchmark U.S. crude rose 76 cents to $88.82 per barrel in New York on Wednesday, while Brent crude added $1.11 to $106.03 per barrel in London. Prices rose after the... more »

• Oil price down on China data, end of Norway strike

  July 10, 2012 10:39 AM

  NEW YORK - Oil prices is falling Tuesday after China released data indicating its economy continues to slow and Norway stepped in to end a strike that threatened its North Sea oil production. Benchmark U.S. crude fell by $1.02 to $84.98 in morning trading. Brent crude lost $1.77 to $98.55... more »

• Oil price drops below $80 for first time since Oct

  June 21, 2012 10:17 AM

  NEW YORK - The price of oil has dipped below $80 for the first time since October. Benchmark U.S. crude, which has been tumbling since May, hit a low of $79.82 per barrel in morning trading. That's the lowest level since Oct. 6. Prices have been falling as the world... more »

• Oil drops on disappointing US growth data

  May 31, 2012 10:28 AM

  NEW YORK - The price of oil is falling again on reports that the U.S. economy isn't growing as expected. Benchmark U.S. crude lost $1.28 to $86.54 per barrel while Brent crude lost $1.13 to $102.34 per barrel. Oil is now the cheapest it's been all year. Prices have been... more »

• Facebook falls flat in public debut

  May 18, 2012 4:16 PM

  NEW YORK - After all the hype, Facebook's first day as a public company ended where it began. In its much-anticipated debut on the Nasdaq Stock Market, Facebook's stock closed Friday at $38.23, up 23 cents. It had been priced at $38 per share on Thursday night. After an anxiety-filled... more »

• Facebook set to price initial public offering

  May 17, 2012 10:53 AM

  NEW YORK - Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday. Facebook Inc. will likely price its IPO late Thursday, meaning that the investment banks orchestrating the offering will determine the price... more »

• Facebook raises IPO price as offering nears

  May 15, 2012 7:22 AM

  NEW YORK - Facebook is raising the price at which it plans to sell stock to the public. The social networking company said in a regulatory filing Tuesday that it expects to sell its stock for between $34 and $38 per share. That's higher than a previous range of... more »

• Crowds clamor for crawfish on Easter weekend Play Video

  April 6, 2012 4:25 PM

  BATON ROUGE- Thousands of people are flocking to seafood shops and crawfish stands to get a taste of the swamp's tastiest treat. The crimson crustacean is often a favorite dish during the Easter weekend and some come from miles away to get a taste. "I started off at... more »

• Sale price drops on former Vacherie school site

  March 29, 2012 7:42 AM

  LUTCHER - The St. James Parish School Board decided to cut the sale price of the former Vacherie Primary School site by 20 percent after the appraised value failed to attract any bidders. The board also gave the school administration authority to reduce the price further without another board vote... more »

• Americans pumping less gas

  March 23, 2012 10:54 AM

  NEW YORK - Americans continue to pump less gas every week. The decline has been steady over the past year. The amount of gas used in the United States has dropped by 4.2 billion gallons since a year ago which is a 3 percent decline. Rising gas prices are one... more »

• Natural gas falls on spell of balmy US weather

  March 13, 2012 11:06 AM

  Natural gas prices are falling again as balmy weather stretches across most of the nation and supplies remain plentiful. Natural gas dropped 5 cents to $2.215 per 1,000 cubic feet in trading in New York. That's the lowest price in a decade. The price has dropped about 26 percent this... more »

• Congress debates rise in gas prices -- again

  March 7, 2012 11:28 AM

  WASHINGTON- Congressional Republicans and Democrats are again battling over rising gas prices. At a hearing Wednesday, Republicans and oil industry leaders called for more U.S. production, while Democrats focused on conservation and the role of Wall Street speculators. Jack Gerard, CEO of the American Petroleum Institute, told a House energy... more »

• Honeymoon Price repeated 60 years Later

  March 1, 2012 7:43 PM

  A couple from Connecticut will celebrate their 60th wedding anniversary at New York's Waldorf-Astoria Hotel for the same price they paid on their honeymoon, $16.80 per night. The rooms run $319 a night, now. Isidore and Joan Swartz of East Lyme, Conn. still have their original bill from March 2,... more »

• Oil prices fall after 7-day surge

  February 27, 2012 11:40 AM

  NEW YORK- Oil prices are falling as investors lock in profits after a seven-day surge. Retail gasoline prices continued to climb, adding a penny on Monday for a national average of $3.70 per gallon. Benchmark crude fell $1.04 to $108.73 per barrel in New York. Brent crude lost $1.75 at... more »

• Natural gas price drops 2.5 pct. on supply report

  February 23, 2012 11:21 AM

  NEW YORK- The price of natural gas is down 2.5 percent after the government said supplies remain significantly higher than average levels for this time of year. Natural gas futures on Thursday fell 7 cents to $2.58 per 1,000 cubic feet in New York. A boom in North American shale... more »

• Starbucks Price Increase

  January 3, 2012 7:36 PM

  Starbucks is raising prices in the South and Northeast due to increasing competition and the rising cost of ingredients. The hike is about 1 percent in most Southern states, and the region that includes New York and Washington, D.C. It means the price for a "tall" will go up 10... more »

• Oil falls to $80 a barrel

  September 23, 2011 10:19 AM

  NEW YORK - Oil is lower again, a day after plunging more than 6 percent on fears that a slowing global economy will cut demand. Benchmark oil fell 55 cents to $79.92 per barrel on Friday in New York. Brent crude rose 10 cents to $105.59 per barrel in... more »

• Price gouging law in effect statewide

  September 2, 2011 11:20 AM

  LOUISIANA- Price gouging laws are in effect following the state of emergency declaration from Governor Bobby Jindal in response to the imminent threat of Tropical Depression 13. Price gouging occurs when a seller prices merchandise much higher than is reasonable or fair. The price gouging statute prohibits the raising... more »

• Denham Springs raises price of natural gas

  June 16, 2011 5:41 AM

  DENHAM SPRINGS- The Denham Springs City Council has increased its natural gas price to municipal customers by 20 cents per 100 cubic feet of gas and added a yearly cost-of-living increase despite public opposition. City Treasurer Clarence Speed tells The Advocate the 20-cent gas increase will cost average customers $7.77... more »

• Price of produce on the rise

  March 25, 2011 5:59 PM

  BATON ROUGE- The price of produce is tipping the scales in some stores. Tomatoes now sell for double their normal price because of wintry weather earlier in the year. "The prices are reflecting the freeze that happened in the latter part of January, the first part of February in... more »

• What goes into creating the price of gas?

  March 7, 2011 10:26 PM

  BATON ROUGE- Up, up and away gas prices continue to rise across the Capitol City and the country. But what adds up to equal those numbers posted at the pumps? The Department of Energy says the literal cost of crude oil makes up only half of the cost.... more »

• Price gouging law goes into effect

  July 23, 2010 1:59 PM

  Price gouging laws have been placed into effect due to Tropical Storm Bonnie. Price gouging is when a business sells merchandise much higher than is fair during a civil emergency. The law prohibits the raising of prices above the pre-emergency levels, unless there is a shortage. Gasoline and... more »

• Seafood lovers say rising costs are worth it

  June 17, 2010 6:03 PM

  The price of seafood is rising, but restaurant owners and vendors are doing everything possible to ensure consumers are getting what they want. "We're paying a lot more for especially crabs and shrimp. We're paying a lot for it than what we usually are, and the volume is a lot... more »

• LSU Board considering ticket price hike

  May 27, 2010 3:09 PM

  The LSU Board of Supervisors is set to consider changes to the men's basketball ticket policies, including for the first time the addition of a Tradition Fund contribution similar to existing football and baseball tickets, at their next meeting. Under the proposed price re-structuring, lower and mid-level tickets at... more »

• BP says oil spill cost $350 million so far

  May 10, 2010 9:07 AM

  BP PLC says the Gulf of Mexico oil spill has cost the company $350 million so far. The current tally includes the cost of the immediate response, containment, relief well drilling, commitments to the Gulf coast states, and settlements and U.S. federal costs. The company doesn't speculate about the final... more »

• Tropicana shrinks sizes and raises price

  March 10, 2010 8:16 PM

  The price of the Tropicana brand orange juice is going up because of the deep freeze in January that hurt much of Florida's citrus crop. And PepsiCo, the maker of the juice, is shrinking its most popular size by 8 percent. The 64-ounce size goes to 59 ounces with the... more »

• Price gouging statute in effect

  November 9, 2009 2:46 PM

  Governor Bobby Jindal's state of emergency declaration during Tropical Storm Ida also puts Louisiana's price gouging law into effect. State law says once a state of emergency has been declared, retailers may not grossly increase the price of gasoline without good reason. If you see a place of... more »

• Louisiana's budget shortfall continues to rise

  September 21, 2009 5:20 PM

  State money managers say Louisiana is expected to add $1.2 billion to this year's budget shortfall. Louisiana's shortfall has already reached $850 million this year. The price for a barrel of oil is an important factor in forecasting state revenue. A barrel is currently selling for about $70. State... more »