Price Increases and Decreases & An Update on the Economy – Tuesday, Nov. 3, 2015

Have you noticed it’s a little less painful at the gas pump with the prices we have recently seen?

Triple A says:

•  Average: $2.19 per gallon
• Typically fall at this time
• Remain Low, under $2 a gollaon
• Oil prices are low and steady supply

Here on Delmarva the average gas prices are:

• Delaware: $2.04
• Maryland: $2.14
• Virginia: $1.96

Another gallon that wont cost you as much money as it did in the pass in a gallon of Milk:

• Average: $3.39
• Last year’s average: $3.73
• Competition & Struggles are behind the drop
• Rebound in the next year

The price of eggs:

• $2.97 per dozen
• 50.6% increase from 2014
• Bird Flu
• Relief expected by year’s end

The price of beef:

• Record high
• $6.42 per pound
• Sirloin $5.98 to $7.65
• Drought in the midwest has played a role

That just touches what is going on with our economy. Dr. Memo Diriker, economic expert and founding director of the business economic and community outreach network, joined us to tell us more.