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October Fuel Trends Show Diverging Gasoline and Diesel Prices
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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).
Read More →MADISON, Wis. --- The nation's first major hybrid vehicle show, dubbed "Hybridfest," is expected to attract thousands to the Alliant Energy Center in Madison this weekend.
Read More →WASHINGTON, D.C. --- In a report released this week, the Environmental Protection Agency concluded that new vehicles in the U.S. are the fastest and heaviest they've been in the past 30 years and their fuel efficiency -- about 21 miles per gallon -- isn't any better than vehicles manufactured in 1994.
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