Category Archives: Economy

What Was the Price of Gas in Salem, VA Tuesday, 10.28.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.399
Mid | $2.499
Premium | $2.599
Diesel | $3.599
Kerosene | $3.499

Unleaded prices were down 6 cents per gallon.

What is the Price of Gas in Salem, VA Monday, 10.27.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.459
Mid | $2.559
Premium | $2.659
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 4 cents per gallon today.

So When Will Banks Give Loans?

The dirty little secret of the banking industry is that it has no intention of using the bailout money to make new loans.

It is starting to appear as if one of Treasury’s key rationales for the recapitalization program — that it will cause banks to start lending again — is a fig leaf, Treasury’s version of the weapons of mass destruction.

The Treasury wants banks to acquire each other and is using its power to inject capital to force a new and wrenching round of bank consolidation. As Mark Landler reported in The New York Times, “the government wants not only to stabilize the industry, but also to reshape it.”

[Read](http://www.nytimes.com/2008/10/25/business/25nocera.html?_r=1&em&oref=slogin “Read the Article”) (New York Times)

What Was the Price of Gas in Salem, VA Sunday, 10.26.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.499
Mid | $2.599
Premium | $2.699
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 10 cents per gallon today.

Spending Stalls and Businesses Slash U.S. Jobs

As the financial crisis crimps demand for American goods and services, the workers who produce them are losing their jobs by the tens of thousands.

Layoffs have arrived in force. In just the last two weeks, the list of companies announcing their intention to cut workers has read like a Who’s Who of corporate America. When October’s job losses are announced on Nov. 7, three days after the presidential election, many economists expect the number to exceed 200,000. The current unemployment rate of 6.1 percent is likely to rise, perhaps significantly.

[Read](http://www.nytimes.com/2008/10/26/business/26layoffs.html?_r=1&oref=slogin “Read the Article”) (New York Times)

What is the Price of Gas in Salem, VA Thursday, 10.23.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.599
Mid | $2.699
Premium | $2.799
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 6 cents per gallon today.

Alan Greenspan Concedes to Flaw in His Market Ideology

Former Federal Reserve Chairman Alan Greenspan said a “once-in-a-century credit tsunami” has engulfed financial markets and conceded that his free-market ideology shunning regulation was flawed.

Greenspan said he was “partially” wrong in opposing regulation of derivatives and acknowledged that financial institutions didn’t protect shareholders and investments as well as he expected.

[Read](http://www.bloomberg.com/apps/news?pid=20601087&sid=ah5qh9Up4rIg “Read the Article”) (Bloomberg)

What is the Price of Gas in Salem, VA Wednesday, 10.22.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.659
Mid | $2.759
Premium | $2.859
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 10 cents per gallon today.

What Was the Price of Gas in Salem, VA Sunday, 10.19.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.759
Mid | $2.859
Premium | $2.959
Diesel | $3.599
Kerosene | $3.499

Unleaded prices were down 4 cents per gallon.

What is the Price of Gas in Salem, VA Saturday, 10.18.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.799
Mid | $2.899
Premium | $2.999
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 6 cents per gallon today.

What is the Price of Gas in Salem, VA Friday, 10.17.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.859
Mid | $2.959
Premium | $3.059
Diesel | $3.599
Kerosene | $3.499

Unleaded prices are down 4 cents, and diesel is down **30 cents** per gallon today.

What is the Price of Gas in Salem, VA Wednesday, 10.15.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.899
Mid | $2.999
Premium | $3.099
Diesel | $3.899
Kerosene | $3.499

Unleaded prices are down 8 cents cents per gallon today.

What is the Price of Gas in Salem, VA Tuesday, 10.14.2008? (down)

The gasoline prices at the [BP @ Apperson & Colorado](http://maps.google.com/maps?q=200+Apperson+Dr,+Salem,+VA+24153,+USA&ie=UTF8&t=h&sll=37.274899,-80.053909&sspn=0.006295,0.006295&ll=37.274898,-80.053908&spn=0.006258,0.014291&z=17 “Google Map”)
in Salem, VA:

Grade | Price
——– | ——-
Regular | $2.979
Mid | $3.079
Premium | $3.179
Diesel | $3.899
Kerosene | $3.499

Unleaded prices are down 2 cents cents per gallon today.

Business drops at Roanoke City Market

The Roanoke City Market closed for two weeks earlier this month after a big mouse problem was discovered. During that time, 21 mice were found and the place was turned upside down for a major cleaning.

There’s been a lot of talk that many will never eat there again, but vendors say this is now one of the safest, cleanest places in town.

Since reopening, business is down by as much as 50 percent.

“I would say in this 18 years I’ve been there this is probably the slowest week I’ve ever had,” says David Estrada of Chico’s Pizza.

Vendors say the downturn in the economy is partly to blame, but a bigger reason is probably the recent rodent infestation inside the market.

[Read](http://www.wdbj7.com/global/story.asp?s=9173351 “Read the Article”) (WDBJ)

Economy Affects Local Restaraunts

People are trimming the fat from their budgets, and for some local restaurants, that means fewer families eating out.

Because of the drop in customers, some restaurants have closed, and others have seen a significant decrease in the number of customers. Their wait staffs have also seen a drop in tips.

With the economy the way it is, when families do decide to dine-out, they say they want to eat economically.

[Read](http://www.wset.com/news/stories/1008/561196.html “Read the Article”) (WSET)