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Business Highlights

By The Associated Press

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Canceled! Airlines scrap record number of flights

NEW YORK (AP) a¿¿ The relentless snow and ice storms this winter have led to the highest number of flight cancellations in more than 25 years, according to an analysis by The Associated Press.

U.S. airlines have canceled more than 75,000 domestic flights since Dec. 1, including more than 14,000 this week. That's 5.5 percent of the 1.37 million flights scheduled during that period, according to calculations based on information provided by flight tracking site FlightAware.

It's the highest total number and highest percent of cancellations since at least the winter of 1987-1988, when the Department of Transportation first started collecting cancellation data.

The nation's air traffic system was still recovering Friday from the latest bout of bad weather. Flights were taking off again but thousands of passengers weren't.

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Higher gasoline prices are on the way

NEW YORK (AP) a¿¿ Drivers, here's the bad news: You'll be paying more for gasoline in the coming weeks. The good news: You'll likely pay less than last year. Or the year before, or the year before that.

The price of crude oil has risen 8 percent over the past month, to $100 per barrel. And analysts expect fuel supplies to begin to decline as refineries dial back production to perform maintenance and make the switch to summer fuels. Reduced production depletes supplies and causes gas prices to rise as the U.S. driving season approaches.

Gasoline prices are already creeping higher.

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Comcast-TWC merger worries consumers

LOS ANGELES (AP) a¿¿ Cable subscribers don't give Comcast and Time Warner Cable good grades when it comes to customer satisfaction. So after Comcast announced its $45 billion purchase of Time Warner Cable Thursday, it didn't take long for consumers to start venting their frustrations over high prices, spotty service and fears of a monopoly.

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