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NewsMay 2, 2006

Energy Secretary Blames Oil Prices on Rising International Demand

WASHINGTON, D.C. --- During an appearance on NBC's “Meet the Press,” Energy Secretary Samuel W. Bodman said that the nation's oil price crisis stems from growing demand from such countries as China and India.

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NewsApril 28, 2006

Gas Prices at Highest Level Since October

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline increased by 13.1 cents last week, rising to $2.914 per gallon as of April 24, the Energy Department reported.

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NewsApril 28, 2006

Toyota Reportedly to Sell Ethanol Cars in U.S. by 2008

TOKYO --- Reuters reported that Toyota Motor Corp. plans to begin selling ethanol-powered vehicles in the U.S. by 2008.

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NewsApril 28, 2006

Chrysler Offers Fuel Savings Tips for MDS Vehicles

AUBURN HILLS, Mich. ---- Just a few simple tips can help owners of Chrysler Group engines with Multi-Displacement System (MDS) get the most fuel mileage possible from their 5.7L HEMI V-8 engine.

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NewsApril 28, 2006

Senate Republicans Propose $100 Gas Rebates

WASHINGTON, D.C. --- In response to public outcry over high gasoline prices, Senate Republicans yesterday proposed a $100 gasoline rebate check for millions of taxpayers.

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NewsApril 28, 2006

N.J. Governor Calls for Lifting Self-Serve Gasoline Ban

TRENTON, N.J. --- In response to soaring gasoline prices, New Jersey Gov. Jon Corzine is urging state legislators to approve a pilot program that permits self-service stations to operate in the state for the first time since 1949, Bloomberg reported.

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NewsApril 28, 2006

DCX Sells Nearly 1.5 Million E-85 FFVs Since 1998

AUBURN HILLS, Mich. --- Since 1998, DaimlerChrysler has sold nearly 1.5 million flexible-fuel vehicles (FFVs) designed to run on E-85 fuel. Beginning with the 2008-model year, DaimlerChrysler will produce nearly 500,000 FFVs per year for sale in the United States.

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NewsApril 28, 2006

Bush Rejects Oil Profit Tax Proposal

WASHINGTON, D.C. --- President Bush today criticized calls in Congress for a tax on oil company windfall profits.

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NewsApril 28, 2006

Senate Panel Requests Oil Company Tax Records

WASHINGTON, D.C. --- The Senate Finance Committee on Wednesday announced plans to study tax records from the 15 largest oil companies to ensure they are complying with the law.

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NewsApril 25, 2006

Ford Remains Committed to Hybrid Vehicle Output Goal

DEARBORN, MI – Ford Motor Co. is sticking to its production plans for hybrid vehicles, despite recent sales weakness for the vehicles.

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