Gas just keeps getting cheaper. The price of gasoline has fallen by 18 cents in the past two weeks to the lowest level in nearly four years. The weekly Lundberg survey says the average price of a gallon of unleaded fuel is $3.08 nationwide, the first time it has been that low since December, 2010. The high this year was $3.72 a gallon, back in May. The most expensive city for gasoline is San Francisco, while the average price is cheapest in Memphis. Prices are dropping because of a combination of ample supply and low demand. The demand side could shift once the holiday period ramps up in late November.
An American takeover of a British network. AMC, home to Mad Men and Breaking Bad, is taking a big chunk of BBC Americas, the U.S. channel featuring BBC programing. According to Adweek, AMC is paying $200 million for 49.9 percent of BBCA, as it’s known in the cable world. AMC will have control over advertising, will invest money in developing new programs, and run BBCA in keeping with BBC standards and practices. BBCA airs popular shows like Dr. Who, Luther and Top Gear, as well as a number of the BBC’s documentaries. While it is available in 80 million U.S. homes, it is generally available only in premium packages, versus AMC’s basic cable status. The two have teamed up on dramas such as Top of the Lake and The Honourable Woman, and the deal most likely will mean more such efforts.
Carlos Ghosn’s sadness over the Middle East. Carlos Ghosn, the CEO of Nissan and Renault, says he’s distressed about political upheaval in the Middle East because it is having a devastating impact on nations’ economies. Speaking this weekend with Al Jazeera America’s Ali Velshi, Ghosn said, “Well, it’s very unstable. It’s bad. It’s obviously taking out of the market countries which now should be really developing, where demand can be very big, like Iraq, for example. It’s a pity because there is a lot of wasted opportunity. And frankly, I think the main factor acting here is fear. ” Ghosn, meanwhile, thinks Europe is in recovery mode, while the U.S. automakers are back.
Lincoln spoofed on SNL. Speaking of cars, you’ve probably see those Matthew McConaughey ads for Lincoln. Comedian Jim Carrey gave them his own special twist this weekend. “Whose kids are these? And how’d they get in my Lincoln?”