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Economy - articles (45)

Higher gas prices in west due to refinery production

Average retail gasoline prices in Washington have risen 12.8 cents per gallon in the past week, averaging $4.18/g yesterday. This compares with the national average that has fallen 3.3 cents per gallon in the last week to $3.73/g, according to gasoline price website WashingtonGasPrices.com.

Including the change in gas prices in Washington during the past week, prices yesterday were 16.5 cents per gallon higher than the same day one year ago and are 7.2 cents per gallon higher than a month ago. The national average has decreased 16.5 cents per gallon during the last month and stands 20.3 cents per gallon lower than this day one year ago.

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Wage-wise Washington is looking good...in 2010

income-chart-210Five of the six states with the highest weekly wages for men are located along or close to the east coast - Connecticut ($1,101 median wage), Massachusetts ($1,033), New Jersey ($972) , New Hampshire ($966), and Virginia ($956). The other state is Washington with a weekly median income of $978 which is the fourth highest in the country.

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U.S. Job Acts potential effect on you and your wallet

A state-by-state guide to the impact on the economy of President Obama's American Jobs Act is available from the White House. If the legislation is passed, the typical tax cut for the average family in Washington State would be $1,860.

In a separate issue, the administration wants to at least continue the payroll tax cuts now in effect. Currently everyone who collects a paycheck contributes 4.2 percent of their wages in payroll taxes.

If Congress doesn't act, the tax increases two percentage points, to 6.2 percent.

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10 percent of county residents live in poverty

In 2009 an estimated 1,444 people in San Juan County lived at or below the poverty level according to the U.S. Census Bureau. The state's percentage is 11.8 compared to the county's 9.5 of the total population.

Rates vary by demographic groups. Of the families in San Juan County consisting of single mothers with young children 28.2% live in poverty.

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