Mayeli Vasallo (left) and Jorge Monte pump gas in Miami in April. The average price of a gallon of gas has dropped 20 cents in the last month, to $3.73.
Sonari Glinton is a NPR Business Desk Correspondent based at our NPR West bureau. He covers the auto industry, consumer goods, and consumer behavior, as well as marketing and advertising for NPR and Planet Money.
Several companies have developed smartphone applications to help people find the cheapest gasoline prices in town. We tried two popular apps; they work, but there are a few things to watch out for.
Americans are consuming less gasoline, but upward pressure on crude oil prices, seasonal factors and the shutdown of some refineries are combining to push up prices at the pump.
JPMorgan Chase was one of the few major banking companies to emerge from the financial crisis with its reputation intact. Now, with revelations that it lost at least $2 billion in a hedging strategy gone wrong, that reputation is in tatters. And analysts say the loss raises doubts about other U.S. banks.