August 5, 2016
By Michael A. MacDowell It's debatable whether it was Einstein, Ben Franklin, Mark Twain, or none of them who said that the definition of insanity is doing the same thing over and over again and expecting a different outcome. What isn't debatable is the validity of the statement. Individuals, institutions, and countries should learn from past mistakes, but they don't. Take Venezuela. When Hugo Chávez, the self-styled democratic socialist, was elected president of Venezuela in 1999, the country was wealthy, possessing immense proven oil reserves.
May 26, 2016
Man falls onto tracks, is killed by SEPTA train A 55-year-old Texas man who had just visited the Liberty Bell was struck and killed by a Market-Frankford El train late Tuesday afternoon in Center City, authorities said. Just before 5 p.m., Woodrow Jackson, who was with his wife, apparently fell onto the tracks on the westbound side at the 13th Street station just as the train was arriving, police said. Jackson, of Cibolo, was pronounced dead at the scene. His wife was taken to a hospital to be treated for shock.
May 18, 2016 |
ABOUT 3:15 SUNDAY morning, Alethia Smalls received a call from her son, Kevin. Moments later, she said, she would learn how he had lit his girlfriend, Melissa Bacon-Smith, on fire - a story that would dominate headlines and cause police to say the worst about her son. She wants people to know there's another side to the story. "Kevin Small is mentally ill," Smalls, 59, said Monday afternoon. "He's not a violent person, he just lost it . . . I don't like the Philadelphia police calling him a scumbag.
March 16, 2016 |
Philadelphia, say goodbye to sub-$2 gasoline. Average retail gasoline prices in Philadelphia increased 11.0 cents per gallon in the past week, averaging $2.01 per gallon on Sunday, according to a GasBuddy daily survey of 979 gas outlets in Philadelphia. The national average increased 11.9 cents per gallon in the last week to $1.93 per gallon. Prices in New Jersey, where taxes are lower, rose 11.7 cents last week to an averge of $1.68 on Sunday. "The cheapest gas prices of the year are now solidly behind us as the national average will soon again hit $2," Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a statement.
July 25, 2015 |
The national average price of diesel fuel fell below the price of regular gasoline on July 13 for the first time since 2009, the U.S. Energy Information Administration reported Thursday. EIA attributed gasoline's higher price to strong seasonal demand. Over the last six years, the average pump price of diesel was 34 cents more per gallon than regular-grade gasoline, according to EIA. Diesel commanded a higher price because of strong worldwide demand and the higher production cost of ultra-low sulfur diesel that was phased in between 2006 and 2010.
January 22, 2015 |
While gasoline prices are plummeting, the fuel surcharge on Philadelphia taxi rides is falling less dramatically. In the rest of Pennsylvania, where cabs are regulated by the state Public Utility Commission, the taxi fuel surcharge was eliminated in 2013. Elsewhere, such fuel surcharges are being reexamined as well. The Nevada Taxicab Authority last month revoked a surcharge imposed in 2011. Even in Beijing, a 16-cent surcharge is being eliminated this week because of falling oil prices.
July 14, 2014 |
What do higher gasoline taxes pay for? In Washington, the question has taken on increased urgency as Congress looks for ways to keep the federal Highway Trust Fund from running out of money in 80 days. And in Southeastern Pennsylvania, answers are already coming in, as transportation planners add $11 billion for highway, bridge, and transit projects that will be paid for largely by higher state gas taxes. Sens. Bob Corker (R., Tenn.) and Chris Murphy (D., Conn.) have proposed raising the federal gasoline tax by 12 cents a gallon over two years and linking it to inflation.
March 7, 2014 |
Pennsylvania is seeking $2.4 million in civil penalties against Sunoco Logistics Partners for alleged Clean Streams Law violations related to a November 2008 spill of 12,000 gallons of gasoline near Pittsburgh. The spill in Murrysville, Westmoreland County, killed virtually all the aquatic life in a three-mile stretch of Turtle Creek, according to a complaint filed Friday by the Department of Environmental Protection with the Environmental Hearing Board. The DEP said a valve in the company's eight-inch pipeline ruptured shortly after a maintenance crew worked at the site, near a strip mall on Route 22. The rupture unleashed a 20- to 30-foot geyser of gasoline.
July 18, 2013 |
WASHINGTON - Higher gasoline costs pushed a measure of U.S. consumer prices up in June, but the overall trend in inflation stayed tame. The Labor Department said Tuesday that the consumer price index increased 0.5 percent in June from May. Two-thirds of the increase came from a 6.3 percent jump in gas prices, the largest since February. Excluding volatile food and energy costs, so-called core prices rose just 0.2 percent. Consumer prices have been stable this year, allowing the Federal Reserve room to continue efforts to stimulate the economy.
July 12, 2013
Brace yourself for gasoline pump sticker shock, Tom Kloza, the chief analyst for GasBuddy.com, said Wednesday. Kloza says wholesale gasoline markets "have turned violently higher" since the end of June and that retail prices will follow soon. Regional spot markets for gasoline are up by anywhere from 30 cents a gallon in New York to as much as 51 cents a gallon in the Chicago area since June 28. Kloza, whose Oil Price Information Service bought the more consumer-oriented GasBuddy.com in March, says the price surge is caused by a combination of panic short covering in the futures and options market, a surge in summer demand and worries about political instability spreading out of Egypt into North Africa.