Farmers fear ethanol demand could bump up corn prices

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By Casey Peacock: PNT Staff Writer Ethanol industry demands could cause escalating prices for dairy and livestock producers. Corn production is expected to increase, say analysts, but demand still may not be met, affecting everything from feed prices to prices at the grocery store. Corn prices are holding steady around the $4 mark, according to […]

Ski season launches

By Casey Peacock: PNT staff writer With five ski resorts operating in New Mexico and more scheduled to open in the coming days, this ski season is shaping up to be much improved over last year’s, according to ski resort officials. Officials said they hope the colder weather will bring more snow and improve snow-making […]

Gas prices expected to climb

Freedom Newspapers Area residents could see higher gas prices in the coming weeks, according to AAA New Mexico spokesperson Jeanie Chavez. The recent announcement that an Alaskan oil company has shut down in order to replace a corroded pipe line is the latest in a string of events that led to record gas prices in […]

Gas war rages on North Prince Street in Clovis

By Sharna Johnson: Freedom Newspapers The real winner in a price war between two Clovis gas stations is the consumer. Regular unleaded gasoline at Town and Country and Allsup’s convenience stores on North Prince Street was priced at $2.29 per gallon Tuesday afternoon, which is 52¢ below the city average and more than 70¢ below […]

Governor asks oil industry to help

The Associated Press The Associated Press SANTA FE — Gov. Bill Richardson has called on the oil and gas industry for a second time to pitch in $50 million to help consumers with high gasoline prices, but an industry leader says supply will have to increase and demand must decrease before prices will come down. […]

Wal-Mart once again paying price for its success

Editorial Who would have thought that one of the nation’s most successful firms, renowned for helping consumers by offering low prices and decent jobs, would become a lightning rod for so many disgruntled people? Once again, during hearings this week at the Federal Deposit Insurance Corp. in Washington, D.C., we see that mere mention of […]

Minimum wage puts state at economic disadvantage

By Walter Bradley Today we are experiencing a vibrant, robust economy. We have growth in jobs, unemployment under 4 percent and higher wages. According to the New Mexico Labor Department, Curry County ranks 18th in the state with an average wage of $11.42 an hour. In polling businesses in our area, the average minimum wage […]

Fearless predictions for 2006

By Kevin Wilson: PNT Staff Writer I had considered dedicating this space of newspaper real estate to what I resolve to do in 2006. Suffice it to say, I decided not to take that path, figuring that I would once again break every resolution about my health, social habits and everything else. In fact, it […]

Katrina’s economic impact far-reaching — and still evolving

Brad Foss: The Associated Press Hurricane Katrina’s economic toll continues to mount — its cost evident in near-record energy prices, snarled shipping traffic, lost jobs and wrecked businesses. But nearly two weeks after landfall, its impact is shaping up as one of extremes. There are many losers, most notably the 400,000 who have lost their […]

Gas spike not changing driving habits

By Tonya Garner: Freedom Newspapers In the wake of the recent level-4 hurricane that wrecked local offshore gasoline production and refining operations, concerns about supply shortage and protests against soaring prices are increasing, even as local officials assure the public that everything is under control. Even with gas prices creeping to an-unheard-of $3 per gallon, […]

Gasoline prices continue to rise throughout U.S.

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Brad Foss: The Associated Press Gasoline prices leaped nationwide Wednesday as key refineries and pipelines remained crippled by Hurricane Katrina, crimping supplies and leading to caps on the amount of fuel delivered to retailers. Wednesday in Portales, gas prices averaged $2.75 per gallon for regular unleaded. Javier Gomez filled up his truck at the Town […]

Gas prices squeezing people at the pump

Staff and wire reports Crude-oil prices spiked to a new high Tuesday, as traders grew increasingly concerned about the amount of damage Hurricane Katrina did to the nation’s energy infrastructure. The runup in trading prices doesn’t directly affect consumer prices, but the market’s jittery climb suggests U.S. consumers are about to see another surge in […]

Mileage standards could be much better

By Kevin Wilson: PNT Managing Editor When I took a look at the CNN Web site on Tuesday morning, I couldn’t help but give a slight amount of approval to the Bush administration, or at least the first sentence of the story I uploaded. “The Bush administration announced new fuel economy rules Tuesday that require […]

Vacations still continue despite rising gas prices

By: Jeannine Aversa WASHINGTON — Vacationers coping with surging energy prices this summer could take shorter trips or pass up that extra souvenir or fancy dinner. But most people do not seem to be cutting back dramatically on their spending or skipping holiday travel altogether. That helps explain why the tourism business in the United […]

Fuel prices hitting businesses hard

By David Irvin Burgeoning fuel prices are gouging into budgets of private businesses and government organizations alike. With no end to the record-high prices in sight, most companies and government agencies are left with little option but to absorb the cost. In the fourth quarter of 2004, the Burlington Northern Santa Fe railroad spent $397 […]

Fuel prices dropping during holiday season

By Mike Linn Virgil Helker fills up his gas tank twice a week for frequent trips to Tucumcari and Portales from his Clovis home. While his Buick LeSabre gets good gas mileage, a recent drop in gas prices in the area is saving him even more money. In Clovis, average prices for regular gasoline have […]

Prudence is needed in robust housing market

By Randy Johnson Double, double, toil and trouble: Is there really a bubble? With apologies to Shakespeare, this is a good question. A bubble traditionally has been defined as a situation where the price of an object rises because of an expectation that it will keep rising, not because the rise is based upon fundamental […]

Local pharmacists concerned about international prescription drugs

By Michelle Seeber Pharmacists in Portales are concerned about support for legalizing lower-cost prescription drugs from Canada and Europe. Dick Haverland, pharmacist at C.J.’s Pill Box Pharmacy, said his main concern was guaranteeing the purity of medications and ensuring they wouldn’t be forgeries. “(Verification is) pretty hard to do over the internet,” Haverland said. “If […]

Dr. Language has some bones to pick

Bob Huber Here at the Symposium for Sparkling Conversation we’re swamped with letters warning us that our mother tongue is going to hell in a handbasket. Just to show you how serious this is, we spent 10 sleepless minutes dealing with the fact that in English there is no synonym for the word “Thesaurus.” But […]

Mad cow scare causes cattle prices to drop

Mike Linn A few days can cost a cattle rancher hundreds of thousands of dollars in revenue — especially when one of those days beef from a Canadian Holstein is found infected with mad cow disease. Since news broke of the infected Holstein cattle prices for fat cattle have dropped about 20 percent, local ranchers […]