WZTV FOX 17 - Top Stories
The pinch at the pump feels more like a punch these days. The average price for gas in the Midstate is $3.35 a gallon. Maybe we are too numb to notice. The pump continues to drain a larger slice of people's income.
"Consumers really haven't realized the full magnitude," says Economist Daraius Irani. "Oh my God, I'm spending 4% of my household income on gas."
According to the Energy Information Agency, the average American household in 2012 shelled out nearly $3000 for gasoline. Call it insult on top of downsizing. The cost to drive is rising even as Americans' appetite for fuel consumption decreases.
"We got rid of an SUV, we got rid of a big Volvo," says driver Bob Creamer. "You know, one of those super wagons. So we trimmed down."
Irani says one day the decision will go beyond smaller, more fuel efficient cars. Roxanne Bowman had no idea how much of her budget is truly in the tank.
'I'd rather be going to the Bahamas, rather be going to the Bahamas," says Bowman.
You can find the lowest gas prices in the area by going to Fox17.com and click on FUEL GAUGE.
Thursday, February 7 2013, 08:45 PM CST
Courthouse in line for repairs, updates
May 25, 2013 15:50 GMT
MANCHESTER, Tenn. (AP) -- Officials in Coffee County are looking to update their historic courthouse instead of replacing the 141-year-old structure.
After all, they said the building is in pretty good shape. As far as repairs, it just needs some new paint and molding, as well as work to repair some water damage. But county maintenance director Robert Gilliam says the entire structure needs updating in order to make it last until the next century.
Gilliam and County Mayor David Pennington told the Chattanooga Times Free Press (http://bit.ly/19ivpQ6 ) that officials have taken care to maintain the building and it hasn't had any major renovations in decades.
Historical society spokeswoman Joanna Lewis said the group is trying to come up with fundraising ideas for the project.
Information from: Chattanooga Times Free Press, http://www.timesfreepress.com
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
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