Bryan Benoit News Today

The Birthday Wall in downtown Breaux Bridge is a brick wall that doubles as a community billboard for residents.

A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.

The report added that demand dropped in the last week and that the most common gas price encountered was $3.39 per gallon; the median gas price is now $3.44 per gallon. 

The steady decline is also a welcome development for policymakers trying to cool off the economy.

Overall inflation moderated less than anticipated, and a closely watched measure of price pressures jumped, bad news for the Federal Reserve.

Oil companies tightened their belts during the pandemic, but may be tempted into old habits by surging oil prices.

December 24, 2020 For the last century, the biggest, most powerful companies in the global energy market have been oil and gas producers. Slowly, though, the global race to avert climate change has been upsetting that hierarchy. And in 2020, aided by the devastating blow dealt to oil demand by the pandemic, a cohort of clean energy companies finally shouldered aside Big Oil and rose to the top of the financial heap. The era of Big Renewables—electric utilities and traditional oil and gas majo...