Monday, December 8, 2008

Economic Briefs

Pump Price Hits 5-Year Low

The price of gasoline keeps going down.

Analyst Trilby Lundberg said the average price fell 22 cents a gallon during the past two weeks to its lowest level in nearly five years. The average price of regular on Friday was $1.75 a gallon.

The all-time high was in July, when the price peaked at $4.11 a gallon.

Of cities surveyed, the nation's lowest price was $1.46 in Cheyenne, Wyo. The highest was $2.54 in Anchorage, Alaska.

'Christmases' Keeps Cash Registers Jingling

Movie crowds are staying in the holiday spirit, making "Four Christmases" the box office leader for the second straight weekend.

The Reese Witherspoon and Vince Vaughn comedy earned $18.2 million. Next was the spooky "Twilight" with $13.2 million and "Bolt" with $9.7 million.

Rounding out the top five were "Australia," with $7 million and Quantum of Solace, with $6.6 million.

Despite the economy, Hollywood is continuing to outperform last year's holiday season, with revenues up for the fifth weekend in a row.


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