CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline went up by a penny over the past two weeks, to $3.25 per gallon.
That's $1 more than a year ago.
Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the small rise was due to an increase in the cost of crude oil.
Nationwide, the highest average price for regular-grade gas is in the San Francisco Bay Area, at $4.47 per gallon. The lowest average is in Houston, at $2.72 per gallon.
According to the survey, the average price of diesel was $3.35 a gallon, up a fraction of a cent.7 Stocks That Could Benefit From a Capital Gains Tax Hike
One thing every investor needs to learn is the effect of capital gains on their investments. Every time an investor sells a stock that has appreciated in value, that capital gain is subject to being taxed. Stocks that are held for less than a year pay a short-term capital gains tax rate. Stocks that are held for over a year pay a long-term capital gains tax rate.
In general, a capital gains tax hike is a bearish indicator for stocks. However, there are a couple of strategies that can help investors avoid some of the tax hit. One strategy is to keep your investments in an individual retirement account (IRA) or 401(k). However many higher-income earners want to have more access to the funds in their brokerage accounts.
A sound strategy for these investors involves buying dividend stocks. Dividend income is also taxed (unless it is reinvested), but typically when the capital gains tax rate is raised, the dividend income rate stays the same. This makes dividend stocks more attractive.
Investing in dividend stocks is never a bad idea, but at times when the capital gains tax rate is favorable, growth stocks provide a better reward for investor capital. But when long-term capital gains tax rates go up, those gains can get expensive.
In this special presentation, we’ll give you seven stocks that have a nice dividend yield and a strong story to go along with them.
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