Earlier, we mentioned the Renewable Fuels Association's report that most major oil companies are blocking the ethanol blends E15 and E85 from their gas stations. According to the RFA, "Distribution contracts routinely include provisions that make it difficult, needlessly expensive, or simply impossible for a retailer to offer consumers choices like E15 or E85." The report has the attention of two senators who want the Federal Trade Commission to look into the matter of Big Oil engaging in anti-c
Two US senators have asked the Federal Trade Commission (FTC) to find out if Big Oil is pulling strings to block gas stations from accessing gasoline blended with extra ethanol – or 15 percent ethanol (E15). Sen. Amy Klobuchar (D – MN) and Sen. Chuck Grassley (R – IA) said they've received reports of oil companies pushing independent gas stations to sell premium gasoline along with regular gasoline. Since most US fuel stations are built with two large storage tanks, pressure to
Money isn't the only problem Fisker Automotive has with making more Karma plug-in hybrids (see: battery supply), but the California startup may soon have the cash to help resume production of its $100,000 plug-in luxury sedan. Zhejiang Geely Holding Group has the edge in taking a majority stake in the troubled automaker, according to two confidential insider sources close to Fisker.
In a U.S. presidential election season, anything can become political. Remember the height of trees in Michigan? Well, when you're dealing with such a barrage, it's sometimes good to remember that plug-in cars have been political for a long time and, despite some politicians best efforts, progress will continue.
Toyota is facing further fallout from its recent unintended acceleration debacle, with Senator Chuck Grassley (R-Iowa) calling on the National Highway Traffic Safety Administration to reopen its investigation into the situation that led Toyota to recall some eight million vehicles. According to TheDetroitBureau.com, Grassley has written a letter to NHTSA director David Strickland, stating in part, "Key questions about the cause of unintended acceleration remain unanswered."
While General Motors is busy making marketing hay from its early payoff of $5.8 billion in loans, Senator Chuck Grassley and House Representative Darrell Issa aren't buying it. "It looks like GM merely used one source of TARP funds to repay another," said Grassley of General Motors financial moves. Grassley has asked for justification of the creative money-shuffling from Treasury Secretary Timothy Geithner.
Senate Finance Committee chairman Chuck Grassley, R-Iowa, and Sen. Max Baucus, D-Montana, have submitted a bill that would give tax deductions available for large SUVs (those weighing more than three tons) used by businesses to those companies using hybrid vehicles in their fleets. The bill adds up to an additional $25,000 deduction to already existing $100,000 available deductions for hybrid and alternative fuel vehicles. Finally, all owners of hybrid vehicles get up to $3,150 in tax credit as