GasPrice


Gassed Up: Exxon Mobil posts record $45.2 billion profit in 2008

Another year, another record profit statement from Exxon Mobil, the world's largest publicly traded oil company. The specific mind-numbingly large figure is $45.2 billion, which translates to $8.69 per share. While this figure handily beats the previous record of $40.6 billion that had been set by Exxon Mobil in 2007, these huge profits were recorded mostly in the second and third quarters of 2008 when fuel prices were at record levels in much of the world. Fourth quarter earnings fell by 27%, though it's tough to feel too sorry for a company ... Read more →

Ward's columnist wonders if Americans can handle the truth about gas taxes Sam Abuelsamid

var digg_url = 'http://digg.com/autos/Can_You_Handle_the_Truth_About_High_Gas_Taxes'; People have always had something of an aversion to hard truths. Most Americans say they want their country to ...

Cheap Gas = Trucks to outsell cars again this month Dan Roth

It's the same old story, people say one thing, yet do another. The price of fuel has fallen to the point that it's no longer financially ruinous to fill the tank on a full-size pickup, so looks like ...

German man burns BMW in protest of high gas prices Jeremy Korzeniewski

If you think that gas prices are high in the U.S., consider that the average price for a gallon of gas in Germany is $9.40. Yikes. Since the record high prices in the States are causing some people to ...

How to keep your land barge and still drive green(ish) Chris Tutor

These days it seems more common to overhear comments about a particular car's appalling fuel economy than idle chatter about the weather, which makes sense when a gallon of gas costs as much as a ...

Cheap cars in India = expensive gas in the States 1 year ago on Autoblog

click above to view more images of the Tata Nano A report at CNN kinda states the obvious, that if the $2,500 Tata Nano proves as popular in India as most people think it will be, there will be a huge increase in demand for gasoline there. And if worldwide demand for oil goes up, the price of ...

Ten states to file suit for tougher CAFE rules 3 years ago on Autoblog

The New York Times reports that California, New York and eight other states plan to file a suit to force the Bush administration to impose tougher CAFE rules on SUVs, trucks and minivans. The suit claims the federal government's analysis of the environmental impact of the new fuel economy ...

High gas prices crippling European growth 3 years ago on Autoblog

Or so says Andris Piebalgs, the European Union’s energy commissioner. Gas prices in Europe are currently at the equivalent of $6.62/gallon, more than twice the average price of a gallon of go-juice in the U.S. Imagine paying $72.82 to fill your 11-gallon gas tank, or how about $125 to fill ...

Hybrid sales inelastic despite surging gas prices 3 years ago on Autoblog

Despite a conspicuous rise in gas prices over the last three months, the demand for hybrids isn't budging. According to analysts cited in a new Reuters article, consumers aren't being swayed by increases in fuel economy, available tax credits and in some areas, high-occupancy vehicle (HOV) lane ...

Gas prices a threat to GM turnaround? 3 years ago on Autoblog

To all General Motors executives and news reporters proclaiming the company's new SUVs a rousing success, hold your horses-- at least through the summer. The new GMT900 siblings may be fine vehicles, but gas prices are back up and consumers are starting to feel the pinch again. While ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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