Tuesday, December 16, 2014

MC2 Post 1960 Russian rouble in free-fall despite shock 17% rate rise







Russia's rouble went into free-fall in Tuesday trading, falling repeatedly to hit record lows, despite the central bank's dramatic decision to raise interest rates from 10.5% to 17%.

The rate rise was meant to strengthen the currency.

It helped it to 58 to the dollar early on Tuesday, but the dollar at one stage bought as many as 79 roubles.

The rouble has lost more than half its value against the dollar this year, hit by cheaper oil and Western sanctions.


Both of these have weakened the Russian economy.








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As of Sunday...

13 States Have Gas under $2.00


FORT WAYNE, Ind. (WANE) Average retail gasoline prices in Fort Wayne have fallen 17.0 cents per gallon in the past week, averaging $2.40 a gallon on Sunday, December 14 according to GasBuddy’s daily survey of 201 gas outlets in Fort Wayne. This compares with the national average that has fallen 8.3 cents per gallon in the last week to $2.57 a gallon according to gasoline price website GasBuddy.com which provides prices for wane.com’s Gas Gauge.

Including the change in gas prices in Fort Wayne during the past week, prices Sunday were 79.3 cents per gallon lower than the same day one year ago and are 54.1 cents per gallon lower than a month ago. The national average has decreased 33.2 cents per gallon during the last month and stands 67.0 cents per gallon lower than this day one year ago.


“By tomorrow, more stations in the U.S. will be charging under $2.50 per gallon than over, a remarkable milestone,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “In fact, as of Sunday evening, the number of states that saw at least one station at $1.99 or less had jumped to thirteen from just three a week ago, and included Alabama, Arizona, Colorado, Indiana, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, Texas, and Virginia.


Link:  http://wane.com/2014/12/15/13-states-now-selling-gas-below-2-00-a-gallon/

 
TinyURL:   http://tinyurl.com/lawtkj3




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