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June Fuel Update: Prices Continue to Fall
While prices have continued to decline for four straight weeks, the next weeks don't look as promising.
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SEARCHMENUSEARCHWhile prices have continued to decline for four straight weeks, the next weeks don't look as promising.
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WASHINGTON, D.C. --- The Energy Department said this week it expects gasoline prices to stay in the vicinity of $3 per gallon for much of the rest of the summer.
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline increased by 1.4 cents last week to reach $3.003 per gallon as of July 24.
Read More →IRVING, Texas --- Thanks to high oil prices and global demand, combined with improved refining margins and new field production in Nigeria, Exxon Mobil reported a $10.36 billion profit in the second quarter.
Read More →SAN RAMON, Calif. --- Chevron Products Co. has introduced two new premium synthetic transmission fluids designed specifically for the heavy-duty manual transmission market.
Read More →WASHINGTON, D.C. – Toyota Motor Corp. has hit the production limit — 60,000 — on vehicles eligible for a special tax credit designed to encourage more buyers to choose gas-electric hybrids. Toyota spokeswoman Martha Voss said that the automaker sold its 60,000th such vehicle in May.
Read More →GLOUCESTER, Va. --- Following a successful six-month pilot program, Virginia's Gloucester County School Division decided last week to convert all its vehicles to biodiesel fuel.
Read More →PORTLAND, Ore. --- Beginning July 2007, gas stations in Portland must ensure that their diesel contains at least 5 percent biodiesel and their gasoline contains at least 10 percent ethanol.
Read More →DEARBORN, Mich. --- Skyrocketing fuel prices continue to take their toll on the sale of big-ticket pickup trucks and sport utility vehicles.
Read More →WASHINGTON, D.C. --- Federal Reserve Chairman Ben Bernanke this week told a House Financial Services Committee that high energy prices are hurting the economy "in terms of real activity and in terms of inflation."
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline increased by 1.6 cents last week to reach $2.989 per gallon as of July 17. That's 67.2 cents higher than last year, reported the Energy Department's Energy Information Administration (EIA).
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