U.S. drivers have surely noticed how much cheaper it is to fill up their gas tanks these days.
The national average price for a gallon of regular unleaded gasoline is just $2.19, according to AAA. That’s the lowest national average since February, when gas prices were still rebounding from five-year lows.
Gas prices have fallen dramatically in the past year because the cost of crude oil, which is refined to make gasoline and other products, is also way down. Increased oil production in several countries in recent years has created a worldwide oversupply that easily outpaces oil demand, which is why the price of crude plummeted more than 50% from June 2014 to its current state of under $50 per barrel. By comparison, average gas prices are down roughly 27% over the past year.
Tesla Motors Inc(NASDAQ:TSLA) increased 2.96% at the price of $213.06 recently on a traded volume of 1.04 million shares, in comparison to 4.47 million shares of average trading volume. The company has a total market capitalization of $27.65 billion. Tesla Motors Inc(NASDAQ:TSLA) announces that it will post its financial results for the third quarter ended September 30, 2015, after market close on Tuesday, November 3, 2015. At that time, Tesla will issue a brief advisory release containing a link to the Q3 2015 Shareholder Letter, available on the company website. Tesla management will hold a live question & answer webcast at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.
Micron Technology, Inc. (NASDAQ:MU) soared 3.71% at the trading price of $17.17 on a traded volume of 3.22 million shares till now, whereas its average trading volume is 30.29 million shares. The Intra-day range for the stock is $16.80 and $17.21. The company has a total market capitalization of $18.59 billion. Micron Technology, Inc. (NASDAQ:MU) announced XTRMFlash(TM) memory, a faster NOR flash solution designed to revolutionize the way the electronics industry develops systems to meet the demand for “instant-on” performance and fast system responsiveness in automotive, industrial and consumer applications.
Cemex SAB de CV (ADR) (NYSE:CX) jumped up 1.58% at the $6.41 recently. The 52-week range for the stock is $6.12 and $12.37. Its introductory price for the day was $6.33, with the overall traded volume of 1.22 million shares. Cemex SAB de CV (ADR) (NYSE:CX) announced that it has closed the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately €160.1 million. The transaction was originally announced on August 12, 2015.
The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million metric tons of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60 million cubic meters of ready-mix sold in 2014). CEMEX’s operations in Austria had net sales of approximately U.S.$241 million in 2014.
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