Business Briefs: Gas prices up but less locally

Business Briefs: Gas prices up but less locally

June 11th, 2013 by Staff Reports and Wire Service in Business Around the Region

Gas prices tile

Gas prices tile

Photo by WRCB-TV Channel 3 /Times Free Press.

Gas prices up but less locally

The average price of a gallon of gasoline Monday in Chattanooga was up nearly 6 cents per gallon from a week ago and was 9 cents per gallon above the year-ago level. But the $3.23 per gallon price of a gallon of fuel in Chattanooga on Monday was still more than 40 cents per gallon below the U.S. average, according to the AAA Fuel Gauge Survey.

Gas prices have been below year-ago levels for most of the past year. But AAA surveys of service stations showed gas prices in the United States rose last week above the year-ago level for the first time in 2013, reflecting increased demand from the improving economy.

FedEx raises freight rates

FedEx Corp. will raise its basic freight rates by 4.5 percent beginning July 1.

The move announced Monday follows Jan. 7 rate increases in the FedEx Express air shipment business and FedEx Ground package shipping business.

FedEx said Monday that its freight fuel surcharges are not changing, and remain among the lowest in the industry.

Market report changes format

The daily reports on stocks and Mutual Fund results are presented today in a single page on C4, along with helpful summaries of the market and the report on stocks of local interest.

The changes will consolidate New York Stock Exchange and Nasdaq stock listings to include nearly 600 stocks, including all of those which have been requested by readers, and nearly 500 Mutual Fund listings, also including those requested by readers.

If you wish to have a stock or fund included in the daily list, call 423-757-6340.