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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Rare summer relief for gasoline prices

 

JONATHAN FAHEY, AP Energy Writer

NEW YORK (AP) – The gasoline price roller coaster is running a strange course this summer.

August began with the lowest average gasoline price for this time of year since 2010. Just a few weeks ago, drivers were paying the highest gasoline July Fourth gasoline price in six years.

The average price of a gallon of gasoline is $3.52 after falling 16 cents over the last month. Prices may continue to slide in early August and post larger drops after Labor Day – as long as there are no hurricanes that halt production in the Gulf Coast or violence in the Middle East that disrupts crude supplies.

"We'll see some more drops, and clearly we'll be below $3.50 by Monday," says Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. "It's absolutely counter-intuitive."

Gasoline prices usually drop between Memorial Day and July Fourth after refiners have begun making more-expensive summer blends of gasoline. They then tend to rise between July Fourth and Labor Day as vacation drivers burn through supplies and traders worry about hurricanes.

This year, gasoline prices rose after Memorial Day because turmoil in Iraq, OPEC's second-biggest exporter, sent global crude prices rising. Oil rose to $107 per barrel on June 20 and gasoline reached $3.68 a gallon in late June.

Since then, fears that Iraqi oil exports would be blocked have subsided. Global supplies appear to be ample, offsetting any potential impact from U.S. and European sanctions against Russia, the world's biggest exporter outside of OPEC. And ongoing fighting between Israel and Hamas doesn't threaten oil production.

Crude oil fell Friday for the fifth day in a row, to $97.88 per barrel, its lowest price since early February.

At the same time, U.S. refiners have cranked up their operations, making higher-than-normal amounts of fuel and building supplies of gasoline. As a result, the national average gasoline price fell 30 out of 31 days last month, according to AAA, and posted their largest July decline in 6 years.
 

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