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Prices at the pump expected to continue falling through end of 2013

Gas prices have tumbled over the past two months. That's a good thing for consumers, but not so good for sales of green-friendly cars.


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.


EVs selling at faster pace than hybrids after their introduction to market

This is a good time to be in the business of selling electric vehicles. Once moribund, sales of electric cars have more than doubled in the U.S. during the first six months of 2013.


AAA says high domestic production and lower use push prices down for the rest of the summer

There will be more Memorial Day travelers on the road this year, facing a slight increase in gas prices, according to AAA.


The national average is projected to be $3.63 per gallon

The average retail price for a gallon of gas is expected to be $3.63 this summer.


New study says fuel efficiency of vehicles has improved more than efficiency of drivers

Cars on American roads have improved their fuel economy. The people who drive them? Not so much.


Americans spent 4 percent of their paychecks at gas pump in 2012

Even as cars become more fuel efficient, the cost of gasoline is still claiming a bigger percentage of the average American paycheck.


Drivers will experience some relative relief at the pump

Although gas prices have been steadily declining over the past few days, and seem reasonable compared with $4.00-plus pump prices, it looks like travelers will see a record high for Thanksgiving weekend this year.


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.


New Jersey, New York residents report hours-long lines, dry pumps

In theory, industry analysts say there's no reason that victims of Hurricane Sandy's devastating path should face gas shortages or long lines at the pump. In reality, many gas stations are shuttered. And at ones that are open, customers face lines that are hours and miles long.


"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.


Prince says move 'very good for the world'

Saudi Arabia is the world's top producer of oil, extracting approximately 11.6 million barrels every day. The oil takes care of approximately two-thirds of the kingdom's own energy needs and is the lynchpin of the country's lucrative exports.


Experts say president has little control over volatile oil prices

Tonight's third and final presidential debate is scheduled to focus on foreign policy. But in doing so, President Obama and Gov. Mitt Romney will likely address a decidedly domestic issue – gas prices.


California's woes won't spread nationally, but higher gas prices on the way longer term

In one California town, police have arrested a man who allegedy stole more than 1,100 gallons of gas from a nearby Shell station. In another city, several gas stations posted cardboard signs by their idle pumps. "Closed." Similar portraits of desperation emerged across the state Monday as Californians grappled with sky-high gas prices, gas shortages and rations.


Lukoil franchises staged protest against their parent company Wednesday

The specter of $5 per gallon gas has been something that's worried transportation experts and commuters all summer. No one imagined it might be even worse.


Effect has been "dramatic," according to Ford spokesperson

The recent surge in gas prices across the country has brought similar surge in the number of car shoppers seeking fuel-efficient vehicles. The effect has been "dramatic," Ford spokesperson Erich Merkle said.


In May 2008, Goldman Sachs analyst Arjun Murti projected that oil would climb from its then record cost of $129.60/barrel to $200/barrel. The New York Times had Murti predicting that American drivers would soon be facing $6 per gallon gasoline.


In the market for a new car this summer? Has it been long enough since the last gas price spike that you're not really worried about possible pain at the pump? If so, then you're like a lot of U.S. car buyers right now, according to new figures from AutoTrader.com.


According to the American Petroleum Institute's (API) Monthly Statistical Report, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago. Though the drop in demand is minuscule, it does provide us with an indication that despite low gas prices and a rebounding economy, U.S. demand for gas continues to wane.


Gasoline consumption across the U.S. has steadily declined during the last decade. Analysts have chalked up the drop in gas usage over the last ten years to the rise in more efficient technologies, better public transportation, the stalled economy and steadily increasing gas prices.

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