Falling gas prices, temps to lift retail sales
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Falling temperatures and lower gasoline prices likely lifted U.S. retailers' September sales, boosting hopes for a solid holiday shopping season, analysts said on Tuesday.
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U.S. shoppers came out in droves in  November, but warm and wet weather, combined with steep holiday  discounts, prompted less-than-stellar sales at many chains,  retailers said on Thursday.
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Oil prices resumed this week's upward  march on Friday, driven by worries that a new U.S. cold spell  might erode already low winter fuel inventories.
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Oil prices rose 0.85 percent on Tuesday after bad weather forced a loading halt at Alaska's main export terminal and analysts forecast a drawdown in U.S. fuel stocks ahead of winter.
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The average retail price of a gallon of gasoline in the United States jumped nearly 13 cents in the last two weeks and could go higher as retailers currently facing losses try to recover their profit margins, according to an industry analyst.
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U.S. average retail gasoline prices  rose over the last two weeks as storms temporarily shut  down  oil production and refineries along with Gulf Coast, an  industry analyst said on Sunday.
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U.S. retail gasoline prices appear to have bottomed out now that crude oil costs are rising again, and pump prices are expected to start climbing, the government's top energy forecasting agency said on Wednesday.
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Consumers put aside worries about the weak economy and high gasoline prices to storm the shopping malls, pushing up retail sales in November. Wholesale prices shot up by the largest amount in 34 years, which could be a harbinger of higher prices to come for shoppers.
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U.S. retail sales outside the auto  sector firmed in February, but were restrained by the housing  slump and rising gasoline prices, according to a report  published Monday.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.
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Holiday sales are expected to rise,   though at a slower rate than last year as consumers fret about   the declining housing market, according to a National Retail   Federation economic forecast on Tuesday.
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The average price U.S. consumers pay  to warm their homes with heating oil declined for the second  week and inventories of distillate fuel are expected to start  rising later this month as more refineries ramp up their  operations, the government said on Wednesday.
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Sales at the nation's retailers edged up by 0.1 percent in February as bad winter weather in many parts of the country kept shoppers away from the malls.
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U.S. average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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CAMARILLO, Calif. - Gas prices have dropped nearly 5 cents in the past three weeks with an increase in supply, but soaring crude oil prices could cause rates to rise again soon, an industry analyst said Sunday...
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Fluctuating gas prices may be driving away shoppers and affecting sales for discount retailer Wal-Mart Stores Inc., which reported disappointing November same-store sales this week, according to a survey commissioned by the National Retail Federation.
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Retail sales rose a sluggish 0.1 percent in February amid unusually cold weather, and late mortgage payments and home foreclosures rose at the end of last year, according to reports that raised concerns about the economic outlook.