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☆ I left California for Texas to begin my new life as a divorcée. It's more affordable as a single woman, and I feel free to express my political and religious beliefs.
▼ + stars: | 2023-09-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Jackie Burse moved from Orange County, California, to San Antonio, Texas, in 2021. “I'm a conservative and I feel like it's difficult to have any opinions in California other than liberal,” Burse said. In San Antonio, I rent a cute little three-bedroom, two-bathroom house that I pay $1,600 for each month. I live 10 minutes from downtown San Antonio, which is home to The River Walk. I'm really happy to be living in San Antonio and would make the move all over again.

Persons: Jackie Burse, “ I'm, ” Burse, I'm, It's, Jackie Burse I'm, I've, Burse’s, — that's, Burse Organizations: Service, Inland, Golden State, Texans, Gas, Antonio, The Chino Unified Valley School District, Republican Locations: Orange County , California, San Antonio , Texas, California, Wall, Silicon, Orange County, San Antonio, San Gabriel, Inland Empire, Los Angeles, Ontario, Golden, I've, Texas, In Texas, The Chino

Global oil prices backed off the $90 a barrel mark early Wednesday as traders digested the news that Saudi Arabia and Russia would extend their summer production cuts until December. The move is likely to keep U.S. gas prices higher for longer. Many nations joined in putting sanctions on Russian oil when President Vladimir Putin invaded Ukraine in February 2022. But large oil consumers such as China and India continue to buy Russian oil. Rising oil prices will also be a concern for the Federal Reserve as its campaign to tame inflation is finally bearing fruit.

Persons: ” Patrick De Haan, Hurricane Idalia, De Haan, Vladimir Putin Organizations: Labor, Gas, Hurricane, Federal Reserve Locations: Saudi Arabia, Russia, “, ”, China, Ukraine, India, Germany

Hedge funds and other money managers purchased the equivalent of 19 million barrels in the NYMEX and ICE U.S. crude (WTI) futures and options contracts over the seven days ending on August 29. Bearish short positions in the premier NYMEX WTI contract had been reduced to just 49 million barrels, down from 136 million. Total commercial crude inventories had fallen into line with the prior ten-year average on August 25 while stocks at Cushing had depleted to almost 30% below the average. Hedge fund managers have been trying to get bullish towards U.S. gas prices, and the inventory surplus inherited from 2022 has been shrinking. Related columns:- Depleting U.S. crude inventories lift oil prices (August 31, 2023)- Prospect of strong El Niño weighs on U.S. gas prices (August 30, 2023)- Crude oil prices stalled as hedge funds sold (August 29, 2023)John Kemp is a Reuters market analyst.

Persons: Richard Carson, John Kemp, Mike Harrison Organizations: Department of Energy, Strategic Petroleum Reserve, REUTERS, ICE, Cushing, U.S . diesel, U.S . Commodity Futures Trading Commission, Thomson, Reuters Locations: Freeport , Texas, U.S, Cushing, Oklahoma, Brent, Washington, Illinois, Maine

But a strong El Niño tends to produce a significant and observable impact on weather patterns, lowering gas consumption and prices. On four of those six occasions, strong El Niño conditions prevailed the following winter (1957/58, 1987/88, 1997/98 and 2015/16). But a strong El Niño would make warmer-than-average temperatures more likely depressing energy consumption and prices. The rapid development of a strong El Niño helps explain why U.S. gas prices remain low in real terms despite the recent depletion of working gas inventories. Traders have started to anticipate a strong El Niño will reduce gas consumption for heating and power generation this winter.

Persons: Nick Oxford, Niño, El, John Kemp, David Evans Organizations: Oasis Petroleum, Wink , Texas U.S, REUTERS, El Nino, El, Traders, Thomson, Reuters Locations: Wink , Texas, United States, U.S, Washington, Illinois, Maine, Niño's, El

LONDON, Aug 29 (Reuters) - Crude oil prices have stalled as the wave of hedge fund buying that helped lift them throughout July and the first part of August has been replaced by gentle selling. Hedge funds and other money managers sold the equivalent of 30 million barrels in the six most important petroleum futures and options contracts over the seven days ending on Aug. 22. Nearly all the sales were in crude (-29 million barrels) with sales of NYMEX and ICE WTI (-16 million barrels) and Brent (-13 million barrels), according to position records filed with regulators and exchanges. There was a mix of profit-taking after the previous rally by liquidating existing bullish long positions (-18 million barrels) and speculative short sales (+11 million barrels) in anticipation of future price falls. There are also increasing indications the United States is relaxing sanctions on crude exports from Iran and Venezuela in exchange for diplomatic objectives and to keep a lid on oil prices.

Persons: Brent, John Kemp, Barbara Lewis Organizations: ICE, Henry, U.S . National Oceanic, Prediction Center, CPC, U.S, Thomson, Reuters Locations: Saudi Arabia, Russia, COVID, States, Iran, Venezuela, NYMEX, United States, Pacific, North America

Natural gas is transferred into the SoCalGas system after being collected and purified at a Calgren collection facility in Pixley, California, U.S., October 2, 2019. Through July, the U.S. power sector emitted 495 million tonnes of CO2 from gas-fired generation, a 7.2% increase over the same period in 2022 and 26% more than produced by all of Asia's gas-fired power producers, data from think tank Ember shows. U.S. monthly gas-fired power sector emissionsU.S. gas power emissions are also 51% greater than those of Europe, where shortages of natural gas following Russia's invasion of Ukraine last year has forced power producers to scale back output. In turn, this will likely result in a rise in mid-year emissions alongside continued growth in winter month emissions tied to power generation for heating. This suggests that U.S. gas-fired power emissions may continue to climb in the years ahead, even as clean energy capacity growth continues to accelerate.

Persons: Mike Blake, Gavin Maguire, Sonali Paul Organizations: REUTERS, United, International Energy Agency, European Union, Reuters, Thomson Locations: Pixley , California, U.S, LITTLETON , Colorado, United States, Europe, Ukraine, Asia, India, Indonesia, Japan, South Korea

☆ Is America’s economy really as bad as Republican presidential candidates say it is?
▼ + stars: | 2023-08-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —To hear Republican presidential candidates describe the US economy, you’d think it was in a deep recession, with growth and productivity choked off by President Joe Biden’s policies. The economy is strong, but most Americans say they don’t feel good about it, according to polls. HousingAnother reason voters are down on the economy: Housing affordability is at its lowest point in decades. In fact, economic growth is booming thanks to the strong labor market and resilient consumer spending. We won’t have a complete read on third-quarter economic growth until late October, but already, forecasts for GDP “are running wild on the upside,” writes Chris Rupkey, chief economist at FwdBonds.

Persons: New York CNN —, Joe Biden’s, Biden, Republicans can’t, what’s, — it’s, Jerome Powell, Trump, “, It’s, deride “, ”, Chris Rupkey Organizations: New, New York CNN, Republicans, GOP, CNN, Federal, Inflation Fox News, Wisconsin, Bureau of Labor Statistics, Federal Reserve, Trump, Biden, Corporations, FwdBonds, Atlanta Federal Reserve Locations: New York, Ukraine, America, United States

Position-taking was also likely hit by the traditional seasonal torpor that descends in the middle of August with many senior trading and investment staff across North America and Europe on holiday. Purchases of Brent (+20 million barrels), U.S. gasoline (+6 million) and European gas oil (+4 million) were offset by sales of NYMEX and ICE WTI (-29 million) and U.S. diesel (-1 million). Funds held a net long position of 707 billion cubic feet (47th percentile for all weeks since 2010) up from a net short position of 1,061 billion cubic feet (7th percentile) at the end of January. Working gas inventories in underground storage were +188 billion cubic feet (+7% or +0.58 standard deviations) above the prior 10-year seasonal average on Aug. 11. The surplus has narrowed consistently from +299 billion cubic feet (+12% or +0.81 standard deviations) at the end of June.

Persons: John Kemp, David Evans Organizations: North, ICE, U.S . diesel, U.S, Thomson, Reuters Locations: North America, Europe, Brent, U.S

☆ How gas station economics will change in the electric vehicle charging future
▼ + stars: | 2023-08-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

Here's what gas station owners need to know about the EV charging trend and their future. By contrast, gas stations along major highways between highly traveled destinations can be ideal for electric charging hubs. While there can be a first-mover advantage for gas stations, some owners, like Blake Smith, founder of SQRL Holdings, a gas station and convenience store operator, are taking it slow. His company operates more than 150 convenience store gas station locations and offers electric charging in select locations in Florida. "I would never recoup my investment," he said, adding that a move to all electric charging could be decades away.

Persons: Seth Cutler, Neha Palmer, Shubhendra Anand, Biden, Barbara Stoyko, Sujay Sharma, Sharma, Yair Nechmad, Michael Hughes, Rohan Puri, Hughes, Albert Gore, Gore, Blake Smith Organizations: EV Connect, Gas, EV, TeraWatt, Automotive, Shell, Research, Shell Americas, BP, GM, Ford, National Automobile Dealers Association, ChargePoint Holdings, Stable Auto Corporation, U.S . Department of, Administration, U.S . Department of Energy, Royal, Emission Transportation Association, EVs, SQRL Holdings Locations: California , Arizona, New Mexico, Takoma Park, Md, Fulham, England, China, Netherlands, U.S, Local, Wawa, Florida, Arkansas

☆ As gas prices hit 10-month highs, Citi warns major hurricanes could ‘massively’ disrupt supplies
▼ + stars: | 2023-08-17 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Oil prices could still fallFor consumers, the good news is that, outside of the risk of a bad hurricane season, Citi is bearish on oil prices. The Wall Street bank’s baseline forecast is that oil prices will drop in the coming months, a scenario that would cool gas prices. “It’s something we certainly keep a close eye on,” a White House official told CNN earlier this week. As recently as Memorial Day and July 4th, consumers were saving big on gas prices when measured against the same point last year. “Energy markets are volatile and gas prices can fluctuate,” the White House official told CNN.

Persons: Hilary, Joe Biden’s, “, CNN’s Erin Burnett, Janet Yellen, heatwaves Organizations: CNN, AAA, That’s, Citigroup, National Hurricane Center, Coast, Citi, White, “ Energy, White House Locations: Russia, Saudi Arabia, Gulf of Mexico, Mexico, California, Washington, Colorado , Arizona, Illinois, AAA . Indiana , Pennsylvania, New York

☆ How to Score Big Credit Card Rewards — Without Playing the Miles Game
▼ + stars: | 2023-08-16 | by ( Emily Sherman | ) www.wsj.com time to read: +9 min

Credit card enthusiasts will tell you the best deals come from earning airline or hotel points and miles and redeeming them for free vacations worth hundreds or thousands of dollars. From cash back credit cards to flexible travel cards, these five options are a great choice for those who want to rack up rewards without playing the miles game. The best on the market right now is the Wells Fargo Active Cash Card, which offers 2% cash back on every purchase. Rates and FeesRent makes up the largest portion of most Americans’ budgets, but it is a particularly hard category to earn rewards on. The Bilt Mastercard is currently the only credit card on the market changing that.

Persons: Emily Sherman, Wells, spender, you’ll, Cardholders, cardholders Organizations: Wells, Cash, Citi, American, American Express, Walmart, Target, Bureau of Labor Statistics, Amazon.com, Foods, Chase Travel, Amazon Prime, Amazon, Mastercard Locations: U.S, Chase

Consumers purchase gasoline at a gas station as a plane approaches to land at the airport in San Diego, California October 8, 2012. National retail gasoline prices will average $3.90 a gallon this month, predict analysts at Goldman Sachs. Jones said he was relieved prices were not close to the $5 a gallon level of last summer. Total U.S. gasoline stocks this month fell to 216.4 million barrels, the fifth decline in six weeks, according to U.S. government data. Reporting by Laura Sanicola and Shariq Khan; editing by Stephanie Kelly and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Goldman Sachs, Martin Jones, Jones, Irving Oil's, Patrick De Haan, Laura Sanicola, Shariq, Stephanie Kelly, Aurora Ellis Organizations: REUTERS, Consumers, American Automobile Association, Toyota Corolla, Washington , D.C, U.S . Midwest, Total U.S, U.S . National Oceanic, Atmospheric Administration, NOAA, Hurricanes, Thomson Locations: San Diego , California, California, Washington, Massachusetts, Washington ,, U.S, Ohio, Michigan, Whiting , Indiana, New Brunswick, Canada, Trainer ,, Texas, Gulf

☆ Retail sales increased 0.7% in July, better than expected as consumer spending is holding up
▼ + stars: | 2023-08-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, also against a 0.4% forecast. Gas station sales rose just 0.4% on the month despite rising prices at the pump. On a 12-month basis, sales rose 3.2%, which is exactly in line with the annual increase in the CPI.

Persons: Dow Jones, Mike Loewengart, Jim Baird, Plante Organizations: Commerce Department, Gas, Federal, Fed, Morgan Stanley Global Investment, CPI, Bureau of Labor Statistics, BLS, Export, Consumers, Financial Advisors, Empire, Manufacturing Survey Locations: U.S, New York

☆ New Jersey is the last state in America where drivers can't pump gas
▼ + stars: | 2023-08-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —New Jersey is now the only state in America where it’s illegal for drivers to pump their own gas. Oregon last week lifted its 72-year-old ban on self-service gas stations, allowing stations to operate half of their pumps as self-serve. Oregon’s move makes New Jersey the last state where drivers can’t touch the gas pump. Gas stations’ struggles to hire workers have led to renewed attempts by New Jersey gas station industry advocates to lift the ban. Gas stations’ struggles to hire workers have led to renewed attempts by New Jersey gas station industry advocates to lift the ban.

Persons: Tina Kotek, ”, Phil Murphy, Patrick Murray Organizations: New, New York CNN —, Democratic Gov, Gas, Jersey, ” New, ” New Jersey Gov, Monmouth University, Monmouth University Polling Locations: New York, New York CNN — New Jersey, America, Oregon, New Jersey, , New Jersey , Oregon, ”, ” New Jersey, Monmouth

☆ US small businesses feel better about the economy, but still can’t find enough skilled workers
▼ + stars: | 2023-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

As inflation continued to slow last month, optimism improved among the more than 1,300 small businesses surveyed, though it remains subdued compared to pre-pandemic times. Of owners hiring or trying to hire, 92% reported few or no qualified applicants for their available jobs, also unchanged from the prior month. “With small business owners’ views about future sales growth and business conditions dismal, owners want to hire and make money now from solid consumer spending,” said Bill Dunkelberg, the NFIB’s chief economist, in a release. Despite the economy holding steady, optimism among small businesses isn’t back to where it was before the pandemic. Even though businesses are still grappling with difficulties in hiring, cooling inflation has taken some of the edge off.

Persons: ”, Bill Dunkelberg, they’ve Organizations: DC CNN, National Federation of Independent Business, Federal Reserve, Gross, Federal Reserve Bank of Cleveland, Labor Department, Wall Street Locations: Washington

REUTERS/Mike Segar/File PhotoLONDON, Aug 7 (Reuters) - Crude oil prices continued to climb as Saudi Arabia’s decision to extend its unilateral production cuts and signs of decelerating inflation and a soft landing in the United States improved sentiment among investors. The total position climbed to 563 million barrels (46th percentile for all weeks since 2013) on Aug. 1, up from just 282 million barrels (5th percentile) on June 27. The most recent week saw a significant number of new bullish long positions initiated (+37 million barrels) as well as former bearish shorts closed out (-14 million). If implemented in full, extra cuts announced by Saudi Arabia and Russia would remove a further 115 million barrels from the market between July and September. In the most recent week, funds were buyers of European gas oil (+20 million barrels), Brent (+19 million), U.S. gasoline (+6 million), U.S. diesel (+4 million) and NYMEX and ICE WTI (+3 million).

Persons: Mike Segar, Brent, John Kemp, Mark Potter Organizations: Bayway, REUTERS, ICE Futures, U.S . Commodity Futures Trading Commission, Petroleum, Traders, U.S ., ICE, U.S . diesel, U.S, Thomson, Reuters Locations: Phillips, Linden , New Jersey, U.S, Saudi, United States, Saudi Arabia, Russia, Ukraine

☆ US oil M&A jumps as private equity unloads shale assets
▼ + stars: | 2023-07-25 | by ( Gary Mcwilliams | ) www.reuters.com time to read: +2 min

HOUSTON, July 25 (Reuters) - U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. The surge was due in part to energy focused private equity firms EnCap Investments and NGP Energy Capital selling off a combined six portfolio companies. In total, $14 billion in private equity-owned assets have changed hands this year, Enverus said. Private equity firms have moved away from oil deals, with only 10 new exploration and production firm investments this year compared to 100 per year last decade, Enverus said. Most M&A was in the top U.S. shale field as companies looked to add oil acreage, Enverus' Dittmar said.

Persons: Enverus, Andrew Dittmar, Jon Platt, Baker Botts, Dittmar, Gary McWilliams, Nick Zieminski Organizations: EnCap Investments, NGP Energy Capital, Civitas Resources, PDC Energy, Thomson Locations: U.S, Dittmar . U.S

NEW YORK, July 24 (Reuters) - Oil prices climbed about 2% to a near three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and technical buying. The 200-day moving average had been a key point of technical resistance for both benchmarks since August 2022. Strong demand and worries about supply issues boosted U.S. gasoline futures to their highest level since October 2022. Higher interest rates increase borrowing costs and can slow economic growth and reduce oil demand. Analysts at Deutsche Bank said demand for oil in China "is now surpassing expectations," which "helps to add confidence in the ability of China to make up (two-thirds) of oil demand growth this year."

Persons: Brent, Bob Yawger, isn’t, Edward Moya, Jerome Powell, Christine Lagarde, Scott Disavino, Noah Browning, Florence Tan, Emily Chow, Susan Fenton, Matthew Lewis Organizations: YORK, U.S, West Texas, WTI, Mizuho Bank, Organization of, Petroleum, Citi Research, Fed, European Central Bank, ECB, Reuters, Deutsche Bank, Thomson Locations: Brent, Russia, OPEC, Europe, U.S, China, New York, London, Singapore

A teacher in northern Nigeria walks three hours to school every day, no longer able to pay for a ride in a tuk tuk rickshaw. Bakers operate at a loss amid soaring flour prices. Workers in Lagos sleep overnight in their offices to avoid the prohibitive cost of commuting. Now the question is whether Nigeria, Africa’s most populous country, with 220 million people, will thrive or just get sicker from the bitter medicine dispensed by its new president. Gas stations tripled their prices overnight.

Persons: Bola Tinubu, Tinubu Organizations: Workers, Gas Locations: Nigeria, Lagos, Africa’s, Africa

The complex interplay between the transition, policy, economic performance and consumer preferences have made it harder than ever to forecast gasoline demand. Since then, the post-pandemic transition to a hybrid workplace has cut fuel demand for commuting. With the difficulty of predicting where gasoline demand goes from here, the EIA has revised its forecast several times this year. In January, it pegged demand this year at 8.74 million bpd, a fall from 8.76 million bpd last year. JPMorgan estimates that efficiency gains and EV sales wiped around 100,000 bpd from gasoline demand last year.

Persons: Aimee Dilger, Ciaran Healy, Healy, Joe Biden, Barack Obama, Biden, Alex Hodes, Patrick De Haan, Shariq Khan, Simon Webb, Marguerita Choy Organizations: REUTERS, U.S, International Energy Agency, Energy Information Administration, EIA, Reuters, IMPACT, JPMorgan, Trump, EV, Environmental Protection Agency, Reuters Graphics U.S, StoneX, Thomson Locations: Wilkes, Barre , Pennsylvania, U.S, Midwest, Paris, Russia, Ukraine

July 21 (Reuters) - U.S. energy firms this week reduced the number of oil and natural gas rigs operating for a second week in a row, including the deepest oil rig cut since early June, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. U.S. oil rigs fell by seven to 530 this week, their lowest since March 2022, while gas rigs dropped by two to 131. Baker Hughes said drillers cut four rigs in the Permian in West Texas and eastern New Mexico, the nation's biggest shale oil formation, bringing the total down to 333 rigs. They also cut two rigs in the Eagle Ford bringing the total in that South Texas shale basin down to 57 rigs. U.S. shale oil and gas production will fall in August for the first time since December, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report this week.

Persons: Baker Hughes, Scott DiSavino, Marguerita Choy Organizations: drillers, Eagle Ford, Halliburton, U.S . Energy Information Administration, Thomson Locations: West Texas, New Mexico, South Texas, U.S

Distillate stocks have increased slightly from last year when they were just 113 million barrels, but otherwise they are at the lowest level for the time of year since 2004. The actual and prospective tightness of diesel supplies has started to draw interest from hedge funds and other investors. There have been increases in both U.S. diesel (+27 million barrels) and European gas oil (+49 million barrels) over the period. Adjusted for inflation, U.S. heating oil prices were close to the long-term average in June (48th percentile for all months since 1990). But if the economy avoids a recession, diesel prices could escalate relatively rapidly.

Persons: Stocks, John Kemp, Paul Simao Organizations: U.S . Energy Information Administration, U.S, Thomson, Reuters Locations: Chartbook, U.S, Europe, Singapore

☆ UBS names its 'best single stock ideas' in the U.S. right now
▼ + stars: | 2023-07-19 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Swiss bank UBS has revealed a list of "key investment ideas," selecting stocks based on factors such as market conditions, economic trends and government policy. "We focus on the equity asset class and highlight our best single stock ideas in the US tied to select messages," the bank's Chief Investment Office stated in a July 17 research note, adding that its ideas are updated monthly. It also chose wind energy company Xcel Energy , which it said is "well positioned to outperform the S & P Utilities index over the next 12 months." Green investment, infrastructure ideas "Green investment, decarbonization commitments, consumer sentiment, and regulation will continue to drive the case for investing sustainably," UBS said in the note, picking several stocks under the "go sustainable" theme. "The stock ideas listed under key investment ideas reflect current views as of publication," the bank stated.

Persons: Burger King, Carey, telco, — CNBC's Michael Bloom Organizations: UBS, Investment, Brands, Xcel Energy, TJX Companies, Air Products, NextEra Energy, Constellation Energy, U.S Locations: North America, China

In the most recent week, funds were major buyers of Brent (+48 million barrels), NYMEX and ICE WTI (+33 million), European gas oil (+17 million), U.S. gasoline (+12 million) and U.S. diesel (+5 million). Across all six contracts, funds purchased a total of 163 million barrels in the two most recent weeks after Saudi Arabia extended its cut of 1 million barrels per day (b/d) for an extra month. Funds had been buyers in each of the five most recent weeks, purchasing a total of 822 billion cubic feet since June 6. The surplus was little changed from +279 billion cubic feet (+12% or +0.69 standard deviations) on June 6 and was actually up from +44 billion cubic feet (+2% or +0.14 standard deviations) at the end of January. Related columns:- Saudi output cut removes downside risk from oil market (July 12, 2023)- Oil investors less bearish after Saudi output cut extended (July 10, 2023)- U.S. oil and gas production set to turn down later in 2023 (July 5, 2023)- Is oil market’s glass half-full or half-empty?

Persons: Brent, repurchases, John Kemp, Bernadette Baum Organizations: ICE, U.S ., Saudi, Fund, Funds, Thomson, Reuters Locations: Saudi, China, Europe, U.S, Saudi Arabia

☆ 3 Hilton credit cards are offering whopper welcome bonuses of up to 150,000 points plus a free night at nearly any Hilton hotel, but it's your last chance to apply
▼ + stars: | 2023-07-12 | by ( Joseph Hostetler | Jasmin Baron | Sarah Silbert | ) www.businessinsider.com time to read: +31 min

The Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card , and The Hilton Honors American Express Business Card are offering a higher number of points than usual, plus a Hilton free night award certificate valid at just about any Hilton hotel (worth as much as 150,000 points). Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with hotels and resorts within the Hilton portfolio. Those bonus points worth $650 in travel, based on Insider's valuation of Hilton points as worth 0.5 cents each. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. The best Hilton card for you depends on your spending habits and how often you stay with Hilton.

Persons: Hilton, Conrad, Amex Hilton, Wells, We're, we've, Hilton Cons Organizations: Hilton, Conrad, Waldorf, Read, Service, Hilton Honors, Express, Hilton Honors American, Hilton Honors American Express, American, Honors American Express, Card Citi, Card, Target, Walmart, Citi, U.S, Honors, Chevron, Reading Chevron, Express Card, Honors American, Gold, Business, Diamond, Hilton Business, Jumeirah, eBay, Hilton Honors American Express Business, Honors American Express Business, Hilton Gold, Amex, Global, American Express Locations: Conrad Maldives, Wall, Silicon, U.S, City, Dubai

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