Business Briefing: Local gas prices falling again below $2 a gallon

Local gas prices remained low throughout Thanksgiving and have fallen further in December.

According to online gas price tracker GasBuddy.com, many metro-east gas stations are selling regular unleaded fuel as low as $1.89 a gallon. Across the river, regular unleaded gas is selling as low as $1.68 a gallon.

About two weeks ago, gas hit $1.79 in the metro-east before jumping up 30 cents. Analysts attribute the lower prices to a glut in the supply, falling wholesale oil prices and fewer refineries being shut down for maintenance.

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A new report cites that Yahoo! is considering a selloff of its Internet business. Following this news, the online search engine’s stock rose by almost 5 percent on Wednesday morning. Read more here.

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Cabela’s is reportedly looking for a new owner. The outdoor sporting goods chain has announced that it is “exploring strategic alternatives.” Amid this announcement, the company’s shares have risen by more than 4 percent before the market opened Wednesday morning. Find out more here.

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Strong gains reported in retail, finance and service industries has helped spur 217,000 new hires across the nation last month. The employment gains are the most in five months. Learn more here.

-Will Buss, BND business writer

This story was originally published December 2, 2015 at 9:30 AM with the headline "Business Briefing: Local gas prices falling again below $2 a gallon."