gas prices


REPORT: Consumers increasingly shying away from small cars; owners unhappy

When gas prices spiked above $4 per gallon in the summer of 2008, car buyers appeared to find their small car zen. Toyota Corollas, Honda Fits and Civics, Chevrolet Cobalts and Ford Focuses were flying off dealer shelves at a fevered pace, while truck buying dropped through the floor. Fast-forward to present day and car buyers are once again picking bigger vehicles while many of last year's "smart" small car buyers may be experiencing a bit of buyer's remorse. A closer look at the current sales charts shows that Americans may not be too ... Read more →

REPORT: BP finds big oil in Gulf of Mexico Chris Shunk

Even during the recession, oil is hovering at around $70 per barrel. There are many reasons for elevated oil prices, such as emerging markets demanding more crude and market speculators. Perhaps the ...

New Hyundai Assurance provision locks gas at $1.49/gal for one year [w/VIDEO] Chris Shunk

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 ...

Kuwaiti Oil Minister reportedly says OPEC won't increase production until prices hit $100/barrel Sebastian Blanco

America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters ...

REPORT: Energy Department predicting summer gas price high of just $2.30/gallon [w/POLL] Sebastian Blanco

We've heard it a million times: What's good for General Motors is good for America. Well, if low gas prices are good for America (and that is a debatable point), then Charles Wilson's saying does ...

Gassed Up: Exxon Mobil posts record $45.2 billion profit in 2008 9 months ago on Autoblog

Another year, another record profit statement from Exxon Mobil, the world's largest publicly traded oil company. The specific mind-numbingly large figure is $45.2 billion, which translates to $8.69 per share. While this figure handily beats the previous record of $40.6 billion that had been set by ...

Interactive map reveals our global oil useage by barrel, money 10 months ago on Autoblog

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 ...

The NYT chimes in: time for a gas tax 10 months ago on Autoblog

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 ...

Cheap gas saves Americans $1B per day 10 months ago on Autoblog

The severe economic downturn here in the US has lead to all sorts of bad news. Layoffs, business closings, and bailouts dominate the headlines, and good news can be hard to find. One of the only reasons to hold our heads high has been the unprecedented drop in gas prices. The recession has caused a ...

Ward's columnist wonders if Americans can handle the truth about gas taxes 10 months ago on Autoblog

var digg_url = 'http://digg.com/autos/Can_You_Handle_the_Truth_About_High_Gas_Taxes'; People have always had something of an aversion to hard truths. Most Americans say they want their country to get off foreign oil or help the environment, but when it comes to the bottom line, they want cheap ...

Oil may hit $35/barrel in wake of auto bailout bust 11 months ago on Autoblog

With the U.S. Senate denying the Detroit 3 relief plan, it looks like oil prices might continue to tumble. Our sibling site BloggingStocks is predicting barrel prices might drop as low as $35 as a result. This comes on the heels of predictions of higher prices in the near future. It had been thought ...

Obama talks oil addiction in first post-election TV interview 11 months ago on Autoblog

President-Elect Barack Obama thinks we have an oil addiction and he wants to do something about it. That something is developing a plan for energy independence. While that might have seemed easier to discuss when oil was at $147 a barrel, Obama thinks it's even more important to talk about now, ...

How quickly we forget: Cheaper gas = higher pickup and SUV sales 1 year ago on Autoblog

Pickup and SUV sales plummeted when gas hit $4 per gallon, and many thought these gas-guzzling segments would never fully recover. That may be true, but for now Americans are once again getting more comfortable with trucks and SUVs. Truck sales fell below 10% of overall vehicle sales back in May ...

Gas prices pleasant as economy tanks 1 year ago on Autoblog

The US, and in fact the entire civilized world, is knee deep in a financial meltdown. However, crashing stock markets and crumbling banking institutions have led to one pleasant side effect. The price of gas is dropping faster than the NASDAQ. A quick trip through south-east Michigan shows that gas ...

Oil back below $88 on Monday 1 year ago on Autoblog

Simply put, the U.S. economy is in the crapper. Stocks are yoyoing and our mortgages are a fraction of what they were even a year ago. For all that's fiscally wrong here in the States, there is one pleasant side effect: the price of a barrel of oil is dropping faster than Kimbo Slice against a two ...

Traffic deaths down, U.S. roads reach record level of safety 1 year ago on Autoblog

Safer vehicles and increased law enforcement has resulted in the lowest driving fatality rate ever last year. There were 41,059 traffic deaths in 2007, down 1,600 from 2006. Fatalities are now at 1.37 per 100 million miles traveled, which is the lowest number since the National Highway Traffic ...

Man claims prayer brought pump prices down 1 year ago on Autoblog

In the book of Genesis, man was given dominion over all the plants and animals, so we're guessing that dead, liquified ones count, too. Since Rocky Twyman started his Pray At The Pump effort in April, average fuel prices have certainly fallen. Twyman believes that his groups' prayers have effected ...

Prius schmius -- try an Austin-Healey Sprite and 36 mpg 1 year ago on Autoblog

Of course your wallet hurts every time you have to fill the car up. Nevertheless, in these trying times we must always remember the words of Fernando Lamas: it is better to look good than to feel good. Cars That Matter has put together a list of classic automobiles that get anywhere from 21 to 48 ...

Nardelli: New fuel efficient model might be out next year 1 year ago on Autoblog

Click above for high-res gallery of the Dodge Hornet concept Besides the introduction of the Dodge Challenger, there has been very little good news coming out of Chrysler lately. Sales are down 22% for the year due to a lineup that's still heavy on trucks and SUVs, but there may be some help on the ...

Is it over yet? Oil prices drop like a rock 1 year ago on Autoblog

There's been a lot of head-scratching about the exact cause of the meteoric rise in price for a barrel of oil. Are speculators driving it to turn a quick buck? Is it the weakening value of the U.S. dollar? How about increaded worldwide demand? Chances are, all those forces are playing a part in the ...

MyGallons lets you lock in fuel prices 1 year ago on Autoblog

UPDATE: The Better Business Bureau apparently has some issues with MyGallons. This post was written several days ago and we were not aware of the dustups at that time. You can pre-pay for cellphone minutes, here in New England it's popular to lock in your heating oil price for the winter, and now ...

Toyota: The solution to high gas prices? Drive less! 1 year ago on Autoblog

Automakers understand that the buying public is struggling with high gas prices, and the entire industry is working on new technologies to ease our financial burden. Unfortunately, new fuel efficient products are going to take a while to develop on a large scale, so for now we're just going to have ...

German man burns BMW in protest of high gas prices 1 year ago on Autoblog

If you think that gas prices are high in the U.S., consider that the average price for a gallon of gas in Germany is $9.40. Yikes. Since the record high prices in the States are causing some people to change their lifestyles, imagine how Europeans feel. Bet they're pretty upset, right? One man was ...

Damn $4 Gas! Ford kills Boss engine for F-150, Mustang 1 year ago on Autoblog

The tremendous pressure on the auto industry is rapidly unraveling even the most carefully laid out plans. Fuel economy is king right now, and trucks and SUVs have gone from cash cows to the 6,000-pound albatross around the necks of automakers. Ford has been giving us a steady flow of news ...

Hedging its bets - HUMMER dealer anticipates doom, pre-emptively downsizes 1 year ago on Autoblog

There's no official obituary for GM's HUMMER brand yet, but haters are lacing up their dancing shoes while lovers wring their hands. Dealers with HUMMER franchises have a lot of skin in the game, so the uncertain future is bound to give business officers ulcers. Not willing to wait around to the ...

Maybe you should think in gallons-per-mile instead of MPG 1 year ago on Autoblog

U.S. university boffins have hypothesized that you'll get a better idea of how much you spend on gas if you start thinking in gallons per mile. With U.S. gas prices headed for the upper atmosphere, people are paying more attention to fuel efficiency numbers. Europeans already express their fuel ...

Sales of premium fuel fall sharply 1 year ago on Autoblog

The Detroit Free Press is reporting that the national average for premium gas is now $4.48 a gallon, some 40 cents more than regular, and that drivers are just refusing to buy it. Truth be told, most people who've been buying premium probably don't need it at all, but even among those whose engines ...

Looking for cheap gas? Head to Mexico, amigo! 1 year ago on Autoblog

In San Diego, drivers are paying an average of $4.61 a gallon for the cheap stuff. And like the rest of the country, most of them aren't too happy about it. But a 17-mile drive south will save them more than a $2 per gallon. Gas war? Some radio station's wacky promotional stunt? No, Mexican ...

G8 nations ask for more oil, pledge to use less 1 year ago on Autoblog

It's a complex issue, this business of oil. With stock markets and unemployment numbers taking their lumps, civilian unrest at oil and food prices, and politicians weighing in with all manner of cures and pronouncements, the Group of Eight nations got together to try and figure something out. The ...

Toyota may build more Camrys at truck plant 1 year ago on Autoblog

Automotive times are a-changin, as fuel-efficient cars are now outselling trucks by a wide margin. Toyota's flexible manufacturing capabilities allow it to adjust to these crazy times, and the Japanese automaker is discussing a plan to build still more Camrys at its Indiana truck plant. The ...

Offset high gas prices by turning your car into billboard 1 year ago on Autoblog

Gas prices suck and the job market is almost as bad, but a little uglification of your car or truck can net you some big bucks. Alternative marketing companies that want to plaster your car with "tasteful" advertisements are paying hundreds of dollars to the right people, but chances are you aren't ...

Hurricane season may bring $6-a-gallon gas 1 year ago on Autoblog

Don't like the weather? Just wait, it'll change. Don't like gas prices? Just wait, they'll change, too. But if the weather brings a hurricane, some experts say gas prices could hit as high as $6 a gallon. NOAA has predicted as many as nine named storms this season, with five of those possibly ...

Price of gas capped at $4/gallon for pumps that can't help it 1 year ago on Autoblog

Machines are only as smart as their creators, which doesn't say much about gas pump manufacturers in the mid-1990s. A report from Washington reveals that at least 12 gas stations in the state are using pumps not 13 years old that are unable to display and calculate a price of gas higher than $3.99 ...

How to keep your land barge and still drive green(ish) 1 year ago on Autoblog

These days it seems more common to overhear comments about a particular car's appalling fuel economy than idle chatter about the weather, which makes sense when a gallon of gas costs as much as a cheap umbrella. For instance, just the other day there was some guy going on about how his car was ...

Trucker's Association wants a 65-mph national speed limit... for everyone? 1 year ago on Autoblog

The trucking industry spend $113 billion on diesel fuel last year, and the way prices are going up, the industry will shell out $135 billion this year. To help restrain that kind of runaway profit-loss, the American Trucking Associations has released a list of ideas on how the federal government can ...

Cheap cars in India = expensive gas in the States 1 year ago on Autoblog

click above to view more images of the Tata Nano A report at CNN kinda states the obvious, that if the $2,500 Tata Nano proves as popular in India as most people think it will be, there will be a huge increase in demand for gasoline there. And if worldwide demand for oil goes up, the price of ...

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Autoblog Podcast #152: Paukert Enhanced!

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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