Money Minute: Target Offer Misses Mark; Gas Prices Making Expected Rise

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Target may have compounded the problems for the shoppers victimized by hackers. According to Consumer Reports, Target (TGT) not only failed to protect its customers from having their personal financial information stolen, it also fumbled the credit monitoring service it offered to help protect them. The magazine says the service can cost consumers up to $74, and give them a false sense of security. It also calls credit monitoring a "primitive defense" against identity theft.

There was a great, old movie named "It Happens Every Spring." That was about baseball, but the idea can apply to gasoline prices, too. The auto group AAA warns that prices at the pump will go up again this spring, as refineries perform annual maintenance and switch to more expensive summer blends. AAA says price should top out in the $3.55 to $3.75 range.
The good news is, that's a bit lower than last year's spring level. The current national average for a gallon of regular is $3.27.

Here on Wall Street Thursday, the Dow Jones industrial average (^DJI) rallied 188 points, the Nasdaq composite (^IXIC) gained 45 and the Standard & Poor's 500 index (^GPSC) rose 21 points.

Are high caffeine energy drinks made by Monster Beverage (MNST) and other companies on par with cigarettes and alcohol? Well, a bill before the Maryland legislature seeks to make the state the first in the nation to ban the sale or marketing of those drinks to minors. Monster says there is no evidence that its drinks have caused any injuries.

Finally, a Miami project meant to lead the revival of the city's downtown has run into an unusual roadblock. The developer of a $1 billion commercial and residential project has halted most of its construction after unearthing the remains of what may be a significant 2,000-year-old Native American village. Historians want to preserve the whole site, while the company is offering to make sections of the ancient village into a public plaza that's part of the larger project.

-Produced by Drew Trachtenberg.


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nlneeded

Wasn\'t it a couple months ago that the refineries said gas had to go up because of the different winter blend? And again, gas is going up because we are changing to summer blend? And recently it was mentioned that because of the cold they needed time to do mainteance at the refineries, So did they not get it done?

February 07 2014 at 3:40 PM Report abuse rate up rate down Reply
ktz1017

I'm sorry but I STILL do NOT blame Target for this fiasco. What ever happened to blaming the perpetrators of crimes and not the victims? And yes, Target, Macy's et al, were all victimized by these hackers, as were all of their customers. I would in fact, praise Target, and my own bank for their rapid and responsible response. I was contacted as soon as possible and managed to avoid having my accounts hacked but the people I hold responsible do NOT work at Target. They are computer hackers, with clearly a decent level of intelligence, who have decided that it's easier and/or more fun and challenging for them to steal from others rather than put their skills to work in some kind of paid employment. Those are the people I blame and I'm sick of hearing about Target being the one to blame.

February 07 2014 at 3:10 PM Report abuse +1 rate up rate down Reply
braziliancousin

I stopped shopping at Target years ago because they sold T-shirts with Che Guevera's pix on it. Guevera was a thug who killed and imprisoned innocent people and was a rich boy who decided to become a Commie like his friend Fidel Castro. Neither one minded killing and imprisoning people and this thug is who Target thinks we should have on shirts. Too bad history isn't taught in schools. Next they'll choose Hitler.

February 07 2014 at 1:59 PM Report abuse rate up rate down Reply
mr.shitfur brain

We fall for this every year. We have more oil but less gas, we need more gas to be refined. We use less thanks to EPA standards met by the auto industry that is also raping the public. Gas prices will only go up they have no incentive to produce more gas for domestic use.

February 07 2014 at 11:06 AM Report abuse +4 rate up rate down Reply
alfredschrader

You see crude oil is passed through a cracker. Depending on the settings you can get jet fuel or gasoline. It becomes a compromise, some of it is made into gas one day, some into jet fuel the next. But this could soon change. The new electric turbine engine I invented works on the same principle as a portable power drill - it doesn't use jet fuel, it has a power pack.
Because the electric turbine doesn't breathe air to combust fuels it can be operated at much higher altitudes where the air friction is almost non-existent. We are talking fast, and high efficiency. And it's faster on the ground too because nothing is pumped while you wait, instead the power pack cartridge is simply "swapped" by the ground crew.
The power packs recharge separated from the jet. Plus no contrails, no upper atmosphere Global Warming, no flying Naypalm. And especially no combustion noise.

February 07 2014 at 10:31 AM Report abuse -1 rate up rate down Reply
pdbliz

When America bans Bussiness from selling smokes,,,,,,,,,,,,,THE GOVERMENT WILL OPEN SMOKE SHOPS........TAX,,,,,TAX,,,,TAX....

AND,,UP DATE,,,,NO NEW JOBS,,,,ALL A SHAM FROM THE NUMBERS GAME,

February 07 2014 at 9:19 AM Report abuse -1 rate up rate down Reply
pdbliz

I seen ...GOOGLE does not like Russias Anti Gay Rules....
TO HELL WITH GOOGLE.!!!!!!!

February 07 2014 at 9:16 AM Report abuse -2 rate up rate down Reply
mily469

how responsible is it to completely shut down refineries at the same time when providing a vital service for our country? it is not responsible, but it is profitable for the refiners. and why does the price increase when we have a glut of a product? that is exactly what does not happen in a free market.

February 07 2014 at 8:46 AM Report abuse rate up rate down Reply
3 replies to mily469's comment