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WNIJ’s Gas Price Monday: Oct. 26, 2015

Oct 26, 2015
Carl Nelson/WNIJ

Gas prices in Illinois fell a little from last week ... but only about a dime.

According to AAA, gallon of regular gas in the Rockford area costs $2.31 on average. That’s 7 cents less than a week ago and about 70 cents less than a year ago.

Chicago prices are at $2.80 per gallon. That's about a dime less than a week ago and about 75 cents less than a year ago.

Wikimedia

A bigger portion of older people's income could be going to healthcare costs next year.

This change is based on something seemingly unrelated: Low gas prices.

Each year, the federal government releases what's called a "consumer price index," that lays out the amount of inflation observed in the U.S. economy.

Social Security and other government beneficiaries will receive a cost of living increase tied to inflation. But economists this year predict there will be no cost of living adjustment, known as a COLA, because gas prices have been so low.

ConAgra Foods

Governor Bruce Rauner says Illinois will see a net gain of jobs from a  Fortune 500 company that just received state tax breaks. 

ConAgra already employees Illinois workers, but it's transferring them from Naperville to Chicago. That’s part of a larger move to the city from its headquarters in Omaha.

United Auto Workers members have resoundingly rejected a four-year contract with Fiat Chrysler. Workers at the plant in Belvidere were among the last in the nation to vote on the deal union leaders had worked out with the automaker: like most Fiat Chrysler plants nation-wide, they overwhelmingly vote "no."

65% of the Belvidere plant's 3000 UAW members voted against the proposal. It's considered a rebuke of their union leaders who supported the deal.

Susan Stephens / WNIJ

Votes this week will decide the fate of a four-year contract proposal for Fiat Chrysler employees nationwide. Today, union workers in Belvidere’s plant will cast their ballots.

Belvidere is one of the big Fiat Chrysler plants UAW leaders hope will approve the national contract the union hammered out with the automaker. So far this week, workers at a number of factories have rejected the deal. A truck plant in Warren, Michigan approved it.

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