U.S. gas prices take another dip

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U.S. gas prices take another dip
Chronicle News Services
Updated 4:16 pm, Monday, December 23, 2013
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GASOLINE Another dip for U.S. gas prices <a href="http://www.tiffanystoreoutlet.com">tiffany</a> The average price for regular gasoline at U.S. pumps fell 1.72 cents in the past two weeks to $3.26 a gallon, according to the Lundberg Survey.<a href="http://www.tiffanystoreoutlet.com">cheap tiffany & co</a> The survey covers the period ended Dec. 20 and is based on information obtained at about 2,500 filling stations. <a href="http://www.tiffanystoreoutlet.com">cheap tiffany & co jewelry</a> The price decline is the second reported this month by the survey.<a href="http://www.tiffanystoreoutlet.com">tiffany outlet locations</a> "We shouldn't expect this to continue," Trilby Lundberg , president of Lundberg Survey, said. "In the same two-week period, wholesale prices paid by jobbers, distributors and retailers have bobbed up more than 3 cents and may crawl up a bit more. Their margin on gasoline was slashed so they need to catch up by raising prices slightly."<a href="http://www.tiffanystoreoutlet.com">tiffany silver</a> The Dec. 20 retail price is 0.4 of a cent higher than a year ago, Lundberg said. The average reached a year-to-date peak of $3.795 in the Feb. 22 survey.<a href="http://www.tiffanystoreoutlet.com">cheap tiffany & co</a> The lowest price was in Tulsa, Okla., where customers paid an average $2.84 a gallon. Regular gasoline averaged $3.60 in Los Angeles. RETAIL Jos. A. Bank rejects takeover Jos. A. Bank Clothiers rejected a $1.54 billion takeover proposal from Men's Wearhouse as too low. The shares remained above the offer price, indicating investors expect a higher bid.The Men's Wearhouse offer "significantly undervalued" the company and wasn't in shareholders' best interest, Jos. A. Bank said Monday. The company said it would continue to seek its own acquisitions to boost shareholder value. Men's Wearhouse said in its own statement that it still is considering ways to "make this combination a reality."Jos. A. Bank's rejection of the offer represents another turn in a takeover battle that it started in October with a $2.3 billion bid for Men's Wearhouse. The target rejected that offer and later made its own proposal for Jos. A. Bank. Shares of Jos. A. Bank have traded above Men's Wearhouse's $55-a-share offer since it made the bid on Nov. 26. "Jos. A. Bank seems to be open to a higher offer," Mark Montagna , an analyst at Avondale Partners LLC, said. "There's probably further negotiations." CRIME Prison sentence for Tiffany theft A former executive from Tiffany & Co. was sentenced to one year and one day in prison Friday for stealing more than $1.2 million in jewelry from its famous Fifth Avenue location, a crime a judge called an inexplicable act of self-destruction by someone who didn't need the money.Ingrid Lederhaas-Okun had pleaded guilty this year to one count of interstate transportation of stolen property. Her lawyer had asked for a sentence of six months while the government sought at least three years."I'm very sorry for everything that's happened," a tearful Lederhaas-Okun told the judge before hearing the sentence in federal court in New York City. "I can't express my remorse enough."U.S. District Judge Paul G. Gardephe rejected prosecutors' arguments that the 46-year-old defendant was motivated by greed, noting that she came from a privileged background, made $360,000 a year at Tiffany and lived in a $4 million house in upscale Darien, Conn. Her attorney claimed that she suffered from depression and cracked under the pressures of not being able to have children, getting passed over for a promotion at Tiffany and seeing her marriage crumble.But Gardephe said it was impossible to know what set Lederhaas-Okun on a path of "self-destruction which could only have one outcome - disaster." He also said she deserved more than six months because of how long the thefts went on and the fact that she tried to resell some of the jewelry."This was not a crime of impulse," he said. "The defendant made many bad decisions over many years."
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