Here's an unsurprising fact: Big Oil is making huge profits. Here's one that might catch your eye: car owners are spending nearly as much gassing up as they paid to buy their car.
Fuel Efficient Vehicles
As gasoline prices start to dip, so too are the values of fuel-efficient used vehicles. According to Kelley Blue Book, prices on fuel-sipping used autos increased by roughly 25 percent throughout the first 20 weeks of 2011, but that, "values for fuel-efficient used vehicles have now peaked." If you're out shopping for new used wheels, KBB has good news for you in that prices for used compact, subcompact and hybrid vehicles have "started to decline." Some KBB analysts even see these values dippin
SAE International's 2011 Supermileage competition kicks off today with technical inspections and practice runs. The competing vehicles, possibly the envy of eco-conscious drivers across the nation, routinely achieve a fuel efficiency rating of more than 2,000 miles per gallon. These fuel-frugal vehicles will partake in the event which is being held at the Eaton Corporation Marshall Proving Grounds in Marshall, MI.
Data compiled exclusively for Reuters shows that the rush to purchase fuel efficient vehicles is not as urgent as it was back in 2008 when gasoline prices soared to a record-setting high of $4.114 in the U.S. Take, for example, the month of May, when the average fuel economy of new passenger vehicles declined for a second consecutive month to its lowest point since January of 2011. According to preliminary figures released by TrueCar.com, the average fuel economy rating of vehicles sold last
Pop quiz: Say you split your driving evenly between a 21 mpg SUV and a 75 mpg Vespa scooter. What would your average miles per gallon be? If you answered 48 mpg you're not alone, as that's what Vespa came up with in their infographic we posted last week (reposted above). The only problem is that that answer is wrong. The real average is 32.8 mpg.The reason for the large difference is that in order to correctly calculate average mpg, you can't simply add both numbers and divide by two. You have t
Chrysler claims to be on track to sell 1.4 million vehicles in the U.S. in 2011. However, key vehicles, including the Chrysler 300 and Fiat 500 are in short supply and, of the 170 U.S. dealers granted franchises to peddle Fiat vehicles, fewer than 50 are currently operational. Sergio Marchionne, chief executive officer of Fiat SpA, gave investors the following understatement: "Officially, we are behind schedule."
The National Development and Reform Commission in China recently added 71 models from 16 different automakers to the approved list of vehicles that qualify for subsidies based on fuel efficiency alone. All of the qualifying vehicles are fitted with engines no larger than 1.6 liters and consume fuel at a rate of at least 20 percent below the average vehicle sold in China. Models such as the Hyundai i30 pictured above, will receive a subsidy of 3,000-yuan, which comes to a laughably small $442 (U.
The Formula One Teams Association (FOTA) wants to cut cut its total carbon emissions by 15 percent within three years and double the efficiency of its race engines within five years. FOTA commissioned an analysis by Trucost to determine its total life-cycle emissions from all operations. As it turns out, the race cars actually only account for about one percent of F1 carbon emissions, with half coming from materials the teams purchase. Other significant sources of energy consumption include tran
President Obama recently announced plans to define fuel economy regulations beyond 2016. He briefly outlined a new plan that would regulate the mileage requirements of cars and light trucks through 2025 and medium- and heavy-duty trucks through 2018. The overall goal of his plan is quite simple: create a national, long-term standard for fuel economy and emissions.