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NewsJanuary 28, 2008

Oil Prices Dip Below $90 a Barrel

NEW YORK --- Oil prices today dipped below $90 a barrel, amid worries about the U.S. economy and its impact on oil demand.

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Newsby StaffJanuary 28, 2008

Retail Gasoline and Diesel Prices Decline

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline fell to $3.017 per gallon, as of Jan. 21.

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NewsJanuary 28, 2008

GM Introduces Hybrid Produced in China

SHANGHAI, China --- Shanghai General Motors, GM's biggest joint venture in China, unveiled its first China-made hybrid vehicle last week and pledged to deliver GM's E-flex electric drive system and a fuel-cell version of that system to China after 2010, the Detroit Free Press reported.

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NewsJanuary 28, 2008

Calif. Legislators Expected to Vote on Clean Car Discount Act

SACRAMENTO, Calif. --- The California Assembly this week is expected to vote on the California Clean Car Discount Act, a bill seeking to impose charges and grant rebates based on a vehicle's emission of carbon dioxide and other gases, the Los Angeles Times reported.

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NewsJanuary 28, 2008

GM Forms New Engineering Group for Electric and Hybrid Vehicles

DETROIT --- General Motors Corp. has formed a new engineering group to focus on hybrid vehicles, extended-range electric vehicles and battery technology, Dow Jones reported.

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NewsJanuary 28, 2008

EPA Chief Defends Decision to Block Calif. Emissions Regulation

WASHINGTON, D.C. --- During a tense Senate committee hearing last Thursday, the head of the Environmental Protection Agency defended his refusal to let California set limits on the greenhouse gas emissions of automobiles.

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NewsJanuary 25, 2008

Safeway's U.S. Fleet Goes Green

PLEASANTON, Calif. --– Safeway Inc. has converted its entire U.S. truck fleet to cleaner-burning biodiesel fuel.

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NewsJanuary 25, 2008

AAMCO Will Be First to Retrofit Fleets to Ethanol

HORSHAM, Pa. --– AAMCO will be the first in the nation to offer retrofit for fleet vehicles (for starters), at service dealers nationwide, with an EPA-certified fuel conversion kit allowing the fleet cars to run on ethanol.

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NewsJanuary 22, 2008

Retail Gasoline Prices Retreat

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline retreated from the highest recorded January price, dropping 4.1 cents to $3.068 per gallon as of Jan. 14.

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NewsJanuary 22, 2008

OPEC Not Likely to Bolster Supplies Because of Feared U.S. Economic Slowdown

LONDON --- Concerns about a possible U.S. recession have made the task of forecasting OPEC oil demand this year more complicated, the group said today. As a result, OPEC is less likely to decide next month to boost supplies, Reuters reported.

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