Metro-East News

Business Briefing: Local gas prices up, still well below a year ago

Will Buss can be reached at wbuss@bnd.com.
Will Buss can be reached at wbuss@bnd.com.

Local and national gas prices have recently risen following a series of declines, but still remain far below prices paid at the pump a year ago.

Online gasoline price tracker GasBuddy.com has reported that St. Louis-area prices went up by 6 cents last week, to an average of $2.12 a gallon. Local average prices remain 88 cents per-gallon below what consumers were paying in early October 2014.

GasBuddy.com also reported the national average per-gallon gas price has dropped by 11 cents since last month and is 99 cents lower than a year ago.

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Trian Fund Management has invested about $2.5 billion in General Electric and has become one of GE’s biggest shareholders. Trian has purchased 98.5 million, or about 1 percent, of GE’s shares. Read more here.

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GE is among the early gainers on Wall Street. General Electric jumped 3 percent Monday and Twitter also rose 3 percent while the Dow is up 142 points, or 0.9 percent, to 16,613 in early trading. Learn more here.

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A global economic alliance is working to end tax-dodging by requiring companies to pay taxes in the countries where they earn profits.

The Organization for Economic Cooperation and Development has announced its plan which they estimate could bring $100 billion to $240 billion into government budgets. Find out more here.

-Will Buss, BND business writer

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