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.
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.
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.
There will be more Memorial Day travelers on the road this year, facing a slight increase in gas prices, according to AAA.
The average retail price for a gallon of gas is expected to be $3.63 this summer.
Cars on American roads have improved their fuel economy. The people who drive them? Not so much.
Even as cars become more fuel efficient, the cost of gasoline is still claiming a bigger percentage of the average American paycheck.
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.
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.
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.
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.
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.
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.
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 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.