Economics

Consumers are starting to see a bit of relief at the gas pumps, but businesses that rely heavily on diesel fuel are still scrambling to keep up with increased prices. While gas prices have dropped about 27 percent since their high in mid-June, diesel prices have been reduced by only 10 percent. Diesel fuel prices remain about 50 percent higher than in August 2021. According to the GasBuddy app, which shows current area gas prices, as of Thursday afternoon, prices in Augusta trended at $2.93 per gallon, with a few

Despite the economic challenges this year has presented, James Clayton remains optimistic about the fourth quarter of 2022. Clayton, an insurance agent with New York Life, attended the grand opening celebration of Ameris Bank’s new permanent branch located in Walton’s Corner at 3626 Walton Way Extension in Augusta Wednesday. “You’re seeing new buildings and construction,” he said. “I expect our local economy to outperform the national market; we’re going to be OK.” Ameris Regional President Remer Brinson, who has worked in banking in Augusta for 40 years, agrees. Brinson said

Like most small businesses, inflation and the economy have affected Augusta Gift Baskets, but that hasn’t prevented its owners from supporting local nonprofits, according to Julie Williams. Williams and her husband, Randall, own and operate the custom gift basket business. She said they try to give away eight baskets each month to local charities, such as SafeHomes Domestic Violence Center. “We have had to go up on our prices, but that hasn’t stopped us from giving,” Williams said. She, along with more than 100 local female business leaders, attended this

In England, you cannot advertise prescription-only medicine to the general public via TV or print advertising. Since the 1990’s, drug manufacturers can market their products direct to consumers in the U.S. Depending on your demographic, they may be all you see in commercials! A recent article in the American Economic Journal: Microeconomics by Bradly Shapiro examined the pros and cons of these different levels of regulation. The main argument for the English position is that nothing should get in the way of the patient-doctor relationship and decision-making. Some argue that