British Gas cuts domestic prices
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British Gas announces it is to reduce its gas and electricity prices next month, raising hopes of cuts by other firms.
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The energy provider said household gas bills would rise by 12.4 per cent and electricity by 9.4 per cent from September 20. The company blamed the increases on the record price of wholesale gas, which also impacts on the cost of producing electricity.
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Gas prices fell 2 cents over the past two weeks, to a national average of $2.79 per gallon of self-serve regular, according to a survey published Sunday.
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British Gas has lost almost one million customers this year, its parent company Centrica has revealed. The gas and electricity provider, which has put up prices twice in 2004, lost 290,000 customers in the first half of the year and 630,000 in the second.
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Virgin Blue is increasing its domestic and international fuel surcharge fees as a result of record high oil prices. The domestic flight surcharge will go from $6 per sector to $10, while the surcharge on international
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One day after NStar Gas unveiled plans to cut rates 14 percent, KeySpan Energy Delivery New England said yesterday it needs to raise rates 5.4 percent for more than 600,000 gas customers in metropolitan Boston, despite steep drops since last year in natural gas prices.
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US gasoline pump prices fell about five cents in the past two weeks to an average of $1.96 a gallon, Trilby Lundberg said, citing a survey of about 7,000 filling stations by her Camarillo, California, research firm.
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British Gas announces that it will increase its electricity and gas prices by 15%.
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British Gas on Tuesday announced sharp increases in domestic natural gas and electricity bills, blaming part of them on the high cost of wholesale gasoline.
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Gas prices tumbled 24 cents during the past two weeks to an average of $2.42 a gallon of self-serve regular, a national survey said Sunday, posting the third straight two-week decline.
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WASHINGTON - Consumer prices, which have been buffeted this year by soaring energy costs, fell by 0.1 percent in July as gasoline costs posted their biggest decline in eight months, the government reported Tuesday.    The Labor Department said the decline in its closely watched Consumer Price Index was the first decrease since a 0.2 percent drop last November, a decline which also reflected a decline in energy costs...
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Gasoline prices plunged more than 21 cents a gallon over the past two weeks to a national average of $2.66 amid an abundant supply of fuel at service stations, a national survey said Sunday.
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Centrica, the owner of British Gas, reports a 5% fall in operating profits  despite the benefit of higher fuel bills.
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British Gas price hikes will leave thousands of customers at risk of "fuel poverty", a consumer group warns.
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National Grid Transco has sold half of its gas distribution networks for Â£5.8bn ($10.4bn), it was announced today. The move has been welcomed by the gas and electricity regulator Ofgem, which said new competition in the sector could lower prices.
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SAN FRANCISCO (CBS.MW) -- National gas prices dropped 5 cents per gallon in the past two weeks, according to a survey. Free! Sign up here to receive our SiteWatcher e-Newsletter!
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LONDON High oil prices slowed the British economy in the third quarter, a government report showed Friday, lessening the need for policy makers to tap the brakes on an economy that has consistently outpaced its Continental neighbors.