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Residential heating oil price decreases

The average retail price for home heating oil fell 5.2 cents from last week to $2.94 per gallon. That's down 23.8 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.85 per gallon, down 5.5 cents from last week, and down 30 cents from a year ago.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 3.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Elevated U.S. natural gas working inventories puts downward pressure on prices

Henry Hub natural gas spot prices averaged $2.02 per million British thermal units in January according to the U.S. Energy Information Administration. Typically, January natural gas prices are among the highest of the year; however, warmer-than-normal January temperatures across much of the northern hemisphere contributed to the lowest average January spot price in many years. After beginning 2018 and 2019 with low U.S. working natural gas inventories, EIA forecasted that normal winter temperatures in the first quarter of 2020, along with production growth, would bring total inventories back over the five-year average this winter. So far this winter, temperatures have actually been warmer than normal, and EIA estimates that in January there were 18% fewer heating degree days in the United States than the prior ten-year average. As a result of reduced space heating demand, U.S. natural gas working inventories ended January 9% above the five-year average, higher than previously forecasted. In its February Short-Term Energy Outlook, EIA forecasts that at the close of the April-October injection season, working inventories will reach almost 4.1 trillion cubic feet on October 31, which would be the highest end-of-October inventory record on level. Expecting inventories to remain elevated as winter heating season winds down, EIA forecasts that Henry Hub natural gas prices will average $2.21 per million British thermal units in 2020, down from $2.57 per million British thermal units in 2019. In 2021, EIA expects natural gas prices to increase, reaching an average annual price of $2.53 per million British thermal units.




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Crude oil markets face ongoing uncertainties

Events in January contributed to ongoing uncertainty in crude oil markets, according to the U.S. Energy Information Administration. On January 6, Brent crude oil prices closed at $70 per barrel following U.S. military operations in Iraq, the highest price since May 2019. However, as tensions in the Middle East de-escalated and market concerns over a related oil supply disruption faded, crude oil prices fell. The outbreak of the coronavirus and subsequent travel bans significantly disrupted transportation-related oil demand in China as well as other countries. This accelerated the decline in crude oil prices, despite ongoing crude oil supply disruptions in Libya. Prices closed at $54 per barrel on February 4, the lowest level since December 2018. In the February Short-Term Energy Outlook, EIA estimates the Brent crude oil price will average $58 per barrel during the first half of the year and rise to $64 per barrel during the second half of the year. Brent crude oil spot prices are expected to average $61 per barrel for 2020 as a whole.




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Residential heating oil price decreases

The average retail price for home heating oil fell 2.2 cents from last week to $2.91 per gallon. That's down 26.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.83 per gallon, down 2.1 cents from last week, and down 31.7 cents from a year ago.




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U.S. gasoline price increases (long version)

The U.S. average retail price for regular gasoline rose to $2.43 a gallon on Monday. That's up 9 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price increases slightly

The average retail price for home heating oil rose by half of a penny from last week to $2.91 per gallon. That's down 31.1 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.83 per gallon, down half of a penny from last week, and down 34.8 cents from a year ago.




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U.S. gasoline price continues to increases (long version)

The U.S. average retail price for regular gasoline rose to $2.47 a gallon on Monday. That's up 3.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases slightly

The average retail price for home heating oil fell by 3-tenths of a cent from last week to $2.90 per gallon. That's down 33.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.81 per gallon, down 1.2 cents from last week, and down 37.1 cents from a year ago.




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U.S. gasoline price decreases (long version)

The U.S. average retail price for regular gasoline fell to $2.42 a gallon on Monday. That's down 4.3 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases

The average retail price for home heating oil fell by 6.8 cents from last week to $2.82 per gallon. That's down 40.6 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.73 per gallon, down 7.4 cents from last week, and down 44.9 cents from a year ago.




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U.S. gasoline price continues to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.38 a gallon on Monday. That's down 4.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases

The average retail price for home heating oil fell by 6.6 cents from last week to $2.76 per gallon. That's down 47.4 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.67 per gallon, down 7.3 cents from last week, and down 52 cents from a year ago.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.25 a gallon on Monday. That's down 12.7 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases

The average retail price for home heating oil fell by 14.1 cents from last week to $2.61 per gallon. That's down 60.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.51 per gallon, down 15.1 cents from last week, and down 66.5 cents from a year ago.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.12 a gallon on Monday. That's down 12.8 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases

The average retail price for home heating oil fell by 14 and a half cents from last week to $2.45 per gallon. That’s down 76.9 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.38 per gallon, down 12.3 cents from last week, and down 79.7 cents from a year ago.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $2.01 a gallon on Monday. That's down 11 1/2 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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Residential heating oil price decreases

The average retail price for home heating oil fell by 2.6 cents from last week to $2.42 per gallon, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.36 per gallon, down 2.8 cents from last week.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $1.92 a gallon on Monday. That's down 8.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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United States will return to importing more crude oil and petroleum products than it exports

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $1.85 a gallon on Monday. That's down 7.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline diesel fuel prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $1.81 a gallon on Monday. That's down 4.1 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline prices continue to decrease (long version)

The U.S. average retail price for regular gasoline fell to $1.77 a gallon on Monday. That's down 3.9 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price increases for first time since February (long version)

The U.S. average retail price for regular gasoline rose for the first time since February to $1.79 a gallon on Monday. That's up 1.6 cents from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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New international standards for audit reports are game-changing - 20 Jan

After three years in development, the International Auditing and Assurance Standards Board (IAASB) has released a set of standards that are game-changing for shareholders and the profession, says PwC.




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Australian CEOs getting on with business, despite threats to growth - 20 Jan

CEOs are more optimistic about growth than international counterparts, despite concerns about over-regulation and the Government's response to Australia's fiscal deficit, according to a PwC report launched today.




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Supporting Adelaide's Entrepreneurs - 23 Jan

For members of Australia's start up community, Adelaide is fast growing the reputation of a national entrepreneurial hub.




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Call for renewed government focus on achieving fiscal balance and sustainably cutting the costs of doing business - 17 Feb

Governments must apply renewed focus to achieve fiscal balance and sustainably reduce the cost of delivery.




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Widening Gender Pay Gap sees Australia fall Furthest in Global Rankings: PwC Women in Work Index - 3 Mar

Australia dropped six places to 15th position - the largest drop out of the 27 OECD countries measured.




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Gender Gap Must narrow with Overseas Postings - 1 Apr

The workplace gender gap is at its widest among the expat community with only one in four Australian females currently working overseas, PwC People Business Partner Jonathan Dunlea said today while launching a new report.




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Big City thinking needs Big City analytics: Identifying Sydney's Centres of Gravity - 7 Apr

Greater Sydney generates 23% of the Nation's GDP and will be a city of 8 million, up from 4 million, in the next 40 years.




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PwC brings in the experts to help drive Diversity efforts - 14 Apr

PwC Chief Executive Luke Sayers today announced the members of an external advisory board charged with moving the firm towards greater diversity and inclusion among its people.




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Navigating the energy 'trilemma' crucial for Australian power and utilities sector - 20 May

The pace and scale of disruption in the power and utilities sector is happening faster than expected.




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PwC mentors young leaders from China and Australia on Infrastructure - 28 May

Young leaders from Australia and China are working together to provide creative solutions to issues facing both countries as part of the China Australia Millennial Project (CAMP).




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Local economy, Local Investment Solutions with Geospacial Economic Modelling - 25 Jun

Unique granular modelling of over 2,000 locations across Australia uncover how fragmented and concentrated our economy is.




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Australia Improving but far Behind NZ in Leveraging Mature Age Workers - 29 Jun

Australia jumped five places to 15th in OECD rankings for employment of mature age workers.




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PwC backs Australia’s best young STEM innovators with $20,000 seed funding - 1 Jul

Two young Australian innovators are ready to take their ventures to the next level after sharing in $20,000 in seed funding from PwC during a live pitching event held by the Foundation for Young Australians.




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Managing Partner Tom Seymour's remarks at PwC Tax Reform Forum in Melbourne - 15 Jul

At PwC we have put significant effort into generating a national conversation about Australia's tax system and the need to improve it.




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Cyber threats keeping Australian insurers up at night - 31 Aug

Cyber risk, political interference, and macro-economic volatility rank among the top sources of anxiety for Australian insurers, according to a joint PwC and Centre for Financial Innovation (CSFI) report released today.




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Australia making progress on carbon, but more work to do - 12 Oct

Australia will need to nearly double its historic rate of decarbonisation, if it is to meet its goal of a 26 percent decrease in carbon emissions.




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Australia behind in getting ahead of digital disruption - 20 Oct

Australia lags behind the world's best corporate performers in all ten indicators of digital intelligence needed to drive financial performance.




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Reshaping and Innovating at Big Four Banks - 2 Nov

With record low margins and stubborn expense to income ratios, the major banks must quickly seize the opportunity of the technology revolution or fail to keep pace with expectations.




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Aussie Mine 2015 Going for Gold - 10 Nov

In Aussie Mine - Going for Gold, we find that companies holding quality gold assets were the shining lights of 2015 with revenues up by 11% and share of mid-tier revenues growing by 5%.




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STEM Skills Key to Leveraging Young Workers - 17 Nov

Australia has slipped four places to 17th in OECD rankings for employment of under 25-year-olds with a focus on STEM skills.




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Violence against women costing Australia $21.7 billion a year - 23 Nov

Violence against women and their children is costing Australia $21.7 billion each year, with Governments carrying more than a third of the cost burden; as shown in the report A high price to pay: the economic case for preventing violence against women.




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Fighting $40bn food fraud to protect food supply - 18 Jan

PwC has joined forces with leading not-for-profit food safety agency SSAFE to develop a new industry tool to help fight food fraud and protect consumers.




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Boomer businesses blocking next gen's digital ambitions - 12 Apr

Australia's next generation of family business leaders is more confident and better prepared for senior roles than two years ago, but is also experiencing more challenges, both inside the firm and in the wider business landscape.




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Major banks results: cash earnings down but fundamentally still strong - 5 May

Australias four major banks delivered combined cash earnings of $14.9 billion for the first half to March 2016.




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Singapore FTA takes relationship to new heights - 6 May

An enhanced Singapore-Australia free trade agreement (SAFTA) represents the biggest step-forward in over a decade in our economic relationship with Singapore.