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economy

(Daniel Acker/Bloomberg)

Wages for oil and gas workers are growing the slowest of any industry

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Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.
Categories: featured, Workforce
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(Eddie Seal/Texas Tribune)

Report: Cheap crude prices could boost the U.S. economy for another two years

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Just three months ago, the group forecast that oil would spike to $85 per barrel by December 2015; now it expects prices below $70 until 2016.
An oil tanker navigates the Houston Ship Channel in Houston, Texas on Friday June 13, 2003. Photographer:  F. Carter Smith/ Bloomberg News.

Moody’s: Oil bust will “deflate” Harris County economy

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Both Harris County and Houston will undergo an economic slowdown as the oil and gas industry’s activity level slows in the wake of low oil prices, credit ratings agency Moody’s said Friday.
Categories: Workforce
(Courtesy of LyondellBasell)

Shale boom spurs chemical industry expansion

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The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants.
(Johnny Hanson/Houston Chronicle)

Do gasoline prices affect home values?

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Researchers say their study, based on the sales more than 900,000 homes, is the first to examine the direct impact of gasoline prices on home values using data for specific properties.
dollar falling graph

Study: Houston economy can withstand low oil prices

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The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.
Categories: Crude oil
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices fall ahead of Thanksgiving travel weekend

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Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.
(AP file photo/Bob Edme)

Gov’t tells US drivers to get used to cheap gas

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In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.
(AP Photo/Steve Helber)

Cheaper gasoline may translate to a boost in holiday spending

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For every 1 cent drop in gas prices, Americans save about $3.7 million.
PHILIPPE HUGUEN/AFP/GettyImages

Gasoline at $3, consumers saving hundreds before holidays

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The bonus at the pumps represents the biggest benefit to consumers to date from a record boom in domestic oil production that has contributed to a global crude glut and helped bring down international prices.