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fuel prices

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    Report: Venezuela may be losing its nickel-a-gallon gas
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    There aren't many places in the world where one can buy a gallon of gas for the equivalent of a nickel, but, for the time being, Venezuela is one of those places. There the price of gasoline has been frozen for nearly two decades, but the country's president, Nicolas Maduro, says he favors ...

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    Study: US families spent an average of nearly $3,000 on fuel last year
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    Does it feel like more of your paycheck is going to pay to fuel up your vehicle? According to the US Energy Information Administration, it is. Last year, the average US household paid $2,912 for gasoline, which represents almost four percent of the average household annual income. The government ...

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    Report: How this summer's drought might affect your car's gasoline
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    In 2007, then-president George Bush signed a law that required increased production of ethanol. Swelling ethanol demand for fuel combined with this past summer's drought has driven the price of corn (used to make ethanol) up. In fact, prices have swollen some 400 percent in the last seven years. ...

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    Report: Italians buy more bikes than cars for the first time since WWII
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    In the midst of economic turmoil in Europe, more Italians are turning to bikes as their preferred mode of transportation. Such is the bicycle's popularity in Italy that purchases of the pedal-powered two wheelers have eclipsed automobile sales for the first time since World War II. According to ...

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    Report: Why gas stations in NJ, PA are selling $8/gallon gas in protest
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    Over 50 gas stations across New Jersey and Pennsylvania have raised the price of their fuel to more than eight dollars a gallon. They are all Lukoil stations, and their owners have raised prices in protest of practices by Lukoil North America that they say leave individual gas station owners at a ...

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    Report: You think gas prices are bad here, Italians are paying $9.50/gal
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    Drivers in certain parts of Italy are currently shelling out a staggering $9.50 per gallon of gasoline, according to Bloomberg. The hefty fuel prices are largely the result of the European debt crisis. Italy has hiked fuel taxes in an attempt to get a handle on the country's public debt, which ...

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    Report: Rising fuel prices got you down? Blame Twitter
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    The power of social media has revealed itself today in the form of fluctuation in fuel prices based on a false tweet. According to The Wall Street Journal, a Twitter account claiming to be Russian Interior Minister Vladamir Kolokoltsv tweeted that Syrian president Bashar al-Assad had been ...

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    Report: Young motorists driving far less than even 10 years ago
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    A new study by the U.S. Public Interest Research Group indicates Americans are driving less than they were a few years ago. That drop is largely thanks to young people. Those between the ages of 16 and 34 drove 23 percent fewer miles in 2009 than they did in 2001. While it's tempting to attribute ...

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    Report: Values of small used cars fall in lockstep with gas prices
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    The Detroit News reports used small-car prices are plummeting right along with fuel prices. The news comes courtesy of a National Automobile Dealers Association study, which says gas prices have dropped an average of 3.5 percent compared to last year. In yet another shocking reminder of just how ...

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    Report: AAA expects more Memorial Day weekend drivers than last year
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    Memorial Day weekend is always a good opportunity to hit the road, and despite the sour state of the economy, AAA feels this weekend will see more travelers in their cars than last year. Based on responses gleaned from a member survey, AAA estimates that 34.8 million Americans will travel 50 ...

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    Report: Analyst suggests gas prices may have peaked at $3.92/gal
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    High gas prices burning through your checking account faster than a Bugatti Veyron through premium? At least one analyst says the pressure might drop soon. Patrick DeHaan, senior analyst for gasbuddy.com thinks fuel prices have peaked for the year, with the national average sitting at $3.92 for ...

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    Study: What $1 rise in price of gas can do to your SUV's value
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    According to a new study by Automotive Lease Guide, fuel prices play a huge role in how much your vehicle depreciates over time.No surprise there, but the specifics of the study are a little jarring all the same. USA Today reports that the study found that when gas costs increase by a single ...

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    Study: Are gas prices changing home buying habits?
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    Rising gas prices have an affect over many aspects of our lives. Besides increasing the cost of operating automobiles, more expensive fuel leads to an increase in the cost of shipped goods, food and airline tickets. Can gas prices also create changing attitudes amongst home shoppers? Coldwell ...

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    Report: Price of oil plummets below $100, gas may fall to $3.50/gallon by June
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    The United States economy has been on the up-swing over the past year and a half, but recent data shows that economic growth is slowing and unemployment is once again creeping upward. That certainly isn't good news, but but those factors are starting to take their toll on the fuel prices... for ...

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    AP looks into what factors determine gas prices
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    With summer just a few precious months away, most Americans are already bracing for some of the steepest fuel prices in years. According to the Associated Press, unrest in places like Libya has seen the average price tag on a gallon of gasoline rocket skyward by 38 cents per gallon, or around 15 ...

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    Former Shell boss predicts $5/gal gas in 2012
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    With fuel prices in a temporarily lofty spot thanks to the holidays, it's hard to think of the price of a gallon of gas as a bargain, but according to the former president of Shell Oil, that's exactly what it is compared to what we'll see just one short year from now. While speaking with Platt's ...

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    Report: India goes on general strike to combat high fuel prices
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    Governments the world over are doing their best to stave off budget shortfalls, and India has taken to upping the cost of fuel to cover its overhead. Turns out the common man isn't much for those kinds of shenanigans. According to the BBC News, after fuel prices shot skyward, opposition to the ...

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    New Hyundai Assurance provision locks gas at $1.49/gal for one year [w/VIDEO]
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    Hyundai Assurance Gas Lock ads – Click above to watch the videos after the jump
    Hyundai is piling on additional incentives to boost its Assurance program as the industry heads into the dog days of summer. The newest promotion, Gas Lock, fixes the price of regular unleaded at $1.49 per gallon ...

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    Interactive map reveals our global oil useage by barrel, money
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    The Rocky Mountain Institute has created a nifty interactive map that shows you where the U.S. gets its oil from, along with how much - and who - the U.S. pays for its oil. Based on the thickness of the lines, you can see just how much black stuff is coming from where. The map goes as far back as ...

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    The NYT chimes in: time for a gas tax
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    Can you hear that? Those are the war drums, and more and more of them are beating the same tune: bring on the gas tax. An editorial in The Gray Lady is the latest and arguably the weightiest to join the shock troops advocating for higher gas prices. The writer proposes a fluctuating consumption tax ...

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