President Biden releasing oil from strategic oil reserve

Thanksgiving gas prices in Florida are the highest they have been in eight years, AAA said. The White House on Tuesday announced the Department of Energy will release 50 million barrels of oil held in the reserve as Americans continue to pay more for gas now than they have in years ahead of Thanksgiving and winter holiday travel.

Retailers expect holiday shopping boost

The state’s retailers are expecting record sales this holiday season, with increases of about 10 percent over 2020, according to the Florida Retail Federation. The industry group said the average consumer is expected to spend $998 on gifts over the next month and a half.

Port Canaveral CEO delivers State of the Port address

In his State of the Port address, Murray made no bones about this past year being a tough one for the port. “17 months without cruise revenue in this port is horrific,” he said, “but we got though it! And that's the important part.”

'Black Friday' deals starting early this year

Experts say this holiday shopping season is going to be very different and chaotic. For example, Black Friday deals are moving up on the calendar a lot earlier than, well, Black Friday.

Cargo crisis causing headaches

Almost half of all cargo coming into the United States arrives at the twin ports of Los Angeles and Long Beach, California. Right now, billions of dollars in sneakers, furniture, and canned goods are floating just outside the port aboard some 60-plus ships.