Gas Prices Explained
Professor Mark J. Perry's Blog for Economics and Finance
WALL, N.J. -- "New Jersey Natural Gas (NJNG) today notified the New Jersey Board of Public Utilities (BPU) that it will implement a decrease to its Basic Gas Supply Service (BGSS) rate that reduces the average residential heating customer’s bill by 3.6 percent and provide a bill credit, totaling $11.8 million, for residential and small commercial customers. These savings come in addition to the bill credits NJNG provided in December, January and February. Over the four-month period, customers will have saved a total of $94 million."
The website Priceonomics claims to be "the price guide for everything."
From today's Employment Report:
I'm reminded of that old joke about the young boy who says to his father, "Dad, I want to grow up and be a musician!" The father responds "Well son, you can't do both."
Business Insider -- "Ten years ago Williston, North Dakota was a quiet agricultural town with a population around 12,000. Today, because of oil prices and drilling advancements, Williston is home to America's biggest oil boom and its residents number over 30,000.
The "Economic Miracle State" of North Dakota pumped another record amount of oil during the month of January at a daily rate of more than 546,000 barrels, which was an increase of 2% and 11,000 barrels per day compared to January, and was 59% above the output level from a year earlier. It’s likely that the new record moved the Peace Garden state ahead of California to become the nation’s No. 3 oil-producing state in January, behind only Texas and Alaska. Recent estimates put California’s oil output at about 535,000 barrels per day, and Alaska’s production at 593,000. If North Dakota continues to increase monthly output at the current rate, it could surpass Alaska by April to become the No. 2 oil-producing state.
"Every politically controlled educational system will inculcate the doctrine of state supremacy sooner or later. . . . Once that doctrine has been accepted, it becomes an almost superhuman task to break the stranglehold of the political power over the life of the citizen. It has had his body, property and mind in its clutches from infancy. An octopus would sooner release its prey. A tax-supported, compulsory educational system is the complete model of the totalitarian state."