>>Oregon Among Steepest Home Price Increase
(Portland, OR) -- A new study released by SelfStorage shows that Oregon has the fifth-largest increase in home prices in the nation over the past decade. Idaho was number one with an increase of just under 79-percent. Oregon prices increased 61-percent. Illinois had the lowest increase, at 16-percent. The study looked at average prices in 2012-2016 compared to 2017-2022 to see the increase. A SelfStorage spokesperson said that the study underlines the strong differences in parts of America. Most on the list are on the West Coast.
>>Gas Prices Decline Following Labor Day Weekend
(Portland, OR) -- Gas prices declined slightly over the past week. Following Labor Day, Triple-A reports the national average declined a penny to three-81 a gallon. Oregon's average declined two cents to four-74. Grants Pass had the highest average at four-94 and Corvallis has the lowest at four-50. The average in Bend is four-78. While demand for gasoline this summer was below average, vacation travel helped boost prices ahead of the holiday weekend.
>>Saudi Arabia Extends Oil Production Cuts Through 2023
(Riyadh) -- Saudi Arabia is extending its oil production cuts through the end of the year are reversing course, down . The voluntary one-million-barrel per day reduction will reportedly be reviewed on a monthly basis until then. The kingdom first applied the cuts in July after oil prices fell below 75-dollars a barrel. Brent crude prices jumped above 90 dollars a barrel after Tuesday's announcement.
>>Warner Brothers Expected to Lose $500 Million During Writers/Actors Strike
(Burbank, CA) -- Warner Brothers Discovery expects to lose a lot of money this year as the Hollywood writers' and actors' strikes continue. The company that owns TV and movie studios is adjusting its full-year earnings expectations by 300 million to 500 million dollars. The Writers Guild of America has been on strike since May and SAG/AFTRA joined in July.
>>Nurse's Union Says It Won't Cave To Financial Pressure
(New Brunswick, NJ) -- Officials with the union representing striking nurses at Robert Wood Johnson University Hospital in New Jersey say they won't cave to financial pressure. Those comments come after the hospital cut off benefits to the striking nurses this past week. Nurses now have to pay for insurance coverage out of pocket, which can cost them up to 25-hundred dollars monthly. Hospital officials say they cut their coverage because nurses failed to work the minimum number of hours required for coverage. The strike over wages and staffing levels has been going on for more than a month.
