The United States Highway Trust Fund is getting closer to running out, and the federal government is scrambling to find a way to keep it in the black. The fund pays for a significant portion of the upkeep for the country's interstates, bridge repairs and some public transportation projects. It's currently backed under a two-year law that expires in September, but Secretary of Transportation Anthony Foxx claims the actual money in the account will be gone by the end of August. Without new financi
You try to do a good thing, but someone always has to come around and say there's a down side. In this case, the good thing is AB 32, also known as California's greenhouse gas emission reduction law, and the potential down side is one that could generate a lot of bad publicity.
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 raising prices gradually over three years to help fight the country's economic crisis, The Detroit News reports.
A new report from the Department of Energy predicts that gasoline will still be the fuel of choice for a vast majority of the auto industry over 25 years from now, although it will be slightly less dominant than it is today.
The cost of a gallon of fuel may go up if a Democratic representative from Oregon gets his way. Earl Blumenauer has reportedly proposed a bill in the House of Representatives to raise the federal gas tax 15 cents per gallon in a bid to cover a shortfall in transportation funding (we told you so?). The current federal tax is 33.4 cents per gallon on gas and 42.8 cents per gallon of diesel.
Just because gas prices have been steadily declining since March doesn't mean we should all get comfortable with the idea of lower refueling costs and a dependable fuel supply. In fact, a University of Maryland study titled "Economic Vulnerability to Peak Oil" pushes the panic button a bit.
Here's a welcome holiday present for motorists - gas prices may fall below $3 a gallon before year's end, with some 35 states already reporting at least one station with prices below the mark, according to a report from CNBC. That's a big drop from the current $3.25/gal national average, and it could expand.
The "Peak Car" theory says U.S. citizens will buy fewer cars
Compared with the rest of the world, the U.S. has long been known as the gas guzzler country--the nation of the widest roads, largest vehicles and the least amount of reliable mass transit for the geography. That image could be changing, according to a new study that says driving in the U.S. has already peaked and will decline.
It is an era of $11 gallons of gas. Somewhere, apparently, someone has run out of fuel. To the rescue will come a personalized Matte Graphite Tesla Model S, ready with a frunk full of gas cans. Watching the Tesla drive away on cheap electricity, the stranded motorist out there will be able to continue his gas-powered journey, wondering if perhaps next time will be the right time to get plugged in.
Americans are about to spend a lot of money on gasoline. If the number crunchers at the Union of Concerned Scientists (UCS) are correct, US drivers will spend a tidy $1.44 billion filling up for their Memorial Day travels as 31.2 million people use the long weekend to participate in the time-honored tradition of a road trip.
Old habits die hard, and when it comes to changing our spending habits to account for gas price increases, newer ones do as well. About four in five Americans have held steady with their lower discretionary spending levels from last year – a time when gas prices spiked – despite the fact that the cost to fill up a tank has dropped since then. And those habits are consistent across age and income brackets.
Gas prices are substantially lower than they were a year ago, but according to a new gas-price index released by AAA, about 61 percent of those polled said that prices are too high when gas is above $3.50 per gallon – the current national average for regular gasoline is $3.51 per gallon. Forty-six percent of those polled felt that anything above $3.00 per gallon is too high, but as Robert L. Darbelnet, president and CEO of AAA, points out, prices have been around $3.00 for more than two ye
The Environmental Protection Agency (EPA) added a new word to the wider public lexicon today when it proposed new emission and fuel standards for cars and gasoline: Tier 3. This new regulation is "sensible" and will "significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses, while also enabling efficiency improvements in the cars and trucks we drive," the EPA says. Unsurprisingly, not everyone agrees.
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 agency notes that this is the highest percentage of household income spent on fuel in almost 30 years (save 2008, when the numbers were similar).