"We may see another five to 10 cents decline in the next few weeks" if crude oil doesn't rise, she said.
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BBC News - Obama urges economic fairness in State of the Union - 0 views
In Iowa, Obama to Announce Measures to Soothe Drought Pain - NYTimes.com - 0 views
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Gas survey reports its first price drop of the year - CNN.com - 1 views
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Atlanta: $3.79 Boston: $3.95 Denver: $3.87 Houston: $3.85 Memphis, Tennessee: $3.72 Portland, Oregon: $4.02
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down more than 5 cents from two weeks earlier, when the average was just a few cents below the $4 mark.
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Gasoline supplies are plentiful, but crude oil prices had been "propping up" gasoline costs, she said. As crude oil prices have stabilized, gasoline prices have fallen.
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Even looking ahead to later in May, as the country enters peak driving season, prices might not jump if crude oil stays stable because gasoline supplies are flush
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How was price impacted? -average gas prices dropped by 5 cents (USA) -$3.91 for a gallon on average -below $4 mark -if crude oil prices stay stable another 10 cent change is expected -prices in peak season might not change because of the steady gasoline prices -average last year $3.88 three cents under current -
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Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views
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A graph indicating the consequences of decrease in consumer confidence and how it shifts AD to the left can be shown through a graph. Increase in demand for a higher price of unemployment benefits can be drawn on a graph illustrating the impact on GDP. A brief explanation of consumer confidence and the basic components of GDP should be mentioned and explained.
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China cuts interest rates - 1 views
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-macroeconomics -Monetary Policy - China's central bank decided to decrease interest rates -however, the lending rate is still much higher than that in USA, Europe and Japan. -recently China decreased the reserved ratio as well. -Eurozone crisis - decrease in demand for exports - damaging to Chinese economy -previously, China raised interest rates to decrease inflation --> however led to a slowdown in economics growth
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BBC News - Thailand exports fall in April as global demand slows - 5 views
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Thailand exports fall in April as global demand slows
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falling demand
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exports
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Manufacturing and export sector are key contributors to Thailand's economic growth
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eurozone's ongoing problems will continue to drag
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foreign sales accounting for more than half of Thailand's gross domestic product
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on Thai
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Excessive flooding last last year caused damage to factories and businesses, hurting production
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boosting domestic consumption
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Thailand