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All-time high for Election Day, but prices are falling

A few Election Day facts about gasoline as voters decide between Barack Obama and Mitt Romney for president.

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"Frankenstorm" could cause some pain at the pump

As Hurricane Sandy -- also known as the "Frankenstorm" -- closes in on the eastern coast of the United States, drivers should begin preparing for an increase in the price of gasoline.

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With the average cost of gasoline in the U.S. now at $3.53 a gallon, the typical household will spend around $700 more this year to fuel up their vehicles than it did in 2010. That's according to numbers from the Department of Energy (DOE), which says that total gasoline expenses for the average American household is expected to hit $3,235 in 2011, up 28 percent over last year.

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In the summer of 2008, we saw Americans respond pretty quickly to gas that cost $4 a gallon (or more). Now that we've had time to adjust to average prices a little bit north of $2.50 in most parts of the country for the last half year or so, what will it take to get people to say, "Hey, gas costs a lot again and we should think seriously about fuel efficient cars and driving behavior"? According to consumer data that Edmunds.com looked at, even the cost going up to around $3.50 isn't going to be

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This week, the Reuters/University of Michigan Surveys of Consumers found that plug-in hybrids have to be "affordable" if automakers think that customers will want to buy them. People are interested, U of M says, but cost is paramount to people deciding to make a purchase. Speaking at the Business of Plugging In conference in Detroit this week, Richard Curtin, from the University of Michigan's Institute of Social Research, said that at $10,000, 56 percent of the people surveyed said they wouldn't

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It seems no dealer communication is safe these days, as Jalopnik came across a communiqué from General Motors to its dealer bodies that explains the company will no longer reimburse dealers for a full tank of gas upon delivery. Instead, GM will give dealerships $20 for cars and $30 for trucks. You can do the math, but these days $20 will get you 6.67 gallons of 3$/gallon gas and $30 will score 10 gallons. Though dealers will be expected to pick up the tab for the difference initially, one

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