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Four cylinder engines have replaced sixes as the engine of choice for U.S. consumers, powering 43 percent of light vehicles sold in the first six months of 2011, according to IHS Automotive.

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The national average price of gasoline has hit exactly $4 a gallon, approximately a dime below its all-time high. According to a Lundberg Survey of fueling stations released on Sunday, pump prices rose 12 cents over the past two weeks. On July 7, 2008, the national average price of gas soared to $4.114 a gallon, a record-setting high, according to data from the U.S. Department of Energy.

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The national average price of gasoline has hit exactly $4 a gallon, approximately a dime below its all-time high. According to a Lundberg Survey of fueling stations released on Sunday, pump prices rose 12 cents over the past two weeks. On July 7, 2008, the national average price of gas soared to $4.114 a gallon, a record-setting high, according to data from the U.S. Department of Energy.

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Cash for Clunkers lives on. The Senate passed a $2 billion extension late tonight with a vote of 60/37, giving customers the opportunity to purchase about 500,000 more vehicles through the program. The Obama administration estimates that most or all of the original $1 billion was spent in a matter of only ten days and it's expected the additional $2 billion will only last through Labor Day.

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The government's Cash for Clunkers program only got off the ground on Monday, yet 4,026 eligible vehicles were reportedly swapped out in the program's first day. The program already has 20,564 certified Clunkers dealers, which gives eligible customers plenty of places to to cash in on the federal program. That is, assuming the EPA didn't make your vehicle ineligible in the 11th hour.

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President Obama has taken pen to paper and signed off on Cash-for-Clunkers, a law that could help the auto industry shake its year-long funk. The Transportation Department now has 30 days to determine the rules and regulations for Cash-for-Clunkers, placing the start of the program at the end of July.

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President Obama has taken pen to paper and signed off on Cash-for-Clunkers, a law that could help the auto industry shake its year-long funk. The Transportation Department now has 30 days to determine the rules and regulations for Cash-for-Clunkers, placing the start of the program at the end of July.

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