News bites: Gas prices keep falling in Sandy’s wake

The Wall Street Journal reports on gasoline shortages in New York.

New Jersey’s Star-Ledger reports that the gas situation is improving in the Garden State.

Bloomberg reports that gasoline prices are plunging as a result of Hurricane Sandy and lower oil prices.

Reuters looks at how banking giant Barclays will defend itself against U.S. charges that it gamed western electricity markets for profit.

Barclays will say the traders bragged about a scheme but never carried it out, the news service reports, citing an anonymous source.

“The four traders in question, who boasted in emails and instant messages about how 'fun' it was to 'crap on' certain physical power prices, did not actually carry out the complex scheme they are accused of by the Federal Energy Regulatory Commission, a source familiar with the bank's thinking said,” Reuters reports.

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