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Taxpayers must pay the freight for over-budget train projects
Topic - Gene Mcgillian
A slew of disappointing economic news spooked investors Thursday and pushed down the price of oil.
The price of gasoline has dropped to a five-month low, giving drivers some relief ahead of the July 4 holiday.
"The market is starting to signal that unless we see something verifiable that the global economy is improving, further advances are going to be kind of tough to come by," he said.
That's because traders aren't convinced yet that stimulus measures in Europe or those expected in the U.S. will be enough to bolster the global economy, Tradition Energy oil analyst Gene McGillian said.