Capital Goods

U.S. gasoline demand rose 1.3 percent last week to the highest level since December as drivers paid the lowest average prices in 12 weeks, according to MasterCard Inc. 4:10 pm

Rhode Island’s gasoline dropped 3 cents this week, the fifth week of declines after five consecutive weeks of increases, according to AAA Southern New England. May 21

Oil headed for a third weekly drop in New York after Germany’s finance minister said Europe’s crisis may last another two years and reports added to evidence of a slowdown in China. May 18

Industrial production in the U.S. climbed more than forecast in April, propelled by gains in auto manufacturing and utility use. May 16

The Plastics Group of America has entered into an agreement to purchase the Jules Desurmont Worsted Mill in order to add 240,000 square feet of space to its operations, the company announced late Monday. May 15

The Connecticut Department of Transportation has rejected Coutu Brothers Movers application to expand its three-truck moving operation into North Stonington, according to TheDay.com May 14

Rhode Island’s gasoline dropped 3 cents this week, the fourth week of declines after five consecutive weeks of increases, according to AAA Southern New England. May 14

Nortek Inc.’s net loss narrowed to $1.2 million, or 8 cents per share, for the three months ended March 31, compared with a loss of $21.1 million, or $1.40 per share, during the same period in 2011, the company announced late Thursday. May 11

Although the Providence-New Bedford-Fall River metro area holds only 0.5 percent of the nation’s 11.5 million manufacturing jobs, the metro area ranked 28th out of 100 in the U.S. for number of manufacturing jobs according to a new report comparing the largest metro areas in the country by the Brookings Institute. May 10

Gasoline declined for the first time in three days on speculation that inventories are ample to meet consumption during the U.S. summer driving season. May 10