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Fuel

News•February 24, 2006

High Oil Prices Tied to Extended Storage, RFG Contracts

WASHINGTON, D.C. --- Though U.S. inventories of crude oil, gasoline and distillate fuel (used for diesel fuel) are greater than usual, oil prices remain high. Industry analysts attribute the trend to a number of factors, including a market condition known as “contango.”

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News•February 24, 2006

GM, Toyota Reportedly Scrap Joint Fuel-Cell Project

DETROIT --- General Motors and Toyota have terminated plans to jointly develop fuel-cell systems to power vehicles without gasoline, according to a report from Bloomberg News.

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News•February 24, 2006

President Bush Calls for More Lithium Ion Battery Research

MILWAUKEE, Wis. --- President George Bush this week toured a research facility operated by Johnson Controls, a leader in development of lithium ion batteries for hybrid cars.

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News•February 24, 2006

Microbes May Assist Ethanol Production Efforts

PASADENA, Calif. --- Termites, jungle bugs and other microbes may hold the key to making ethanol production more cost-efficient, according to a report in the L.A. Times.

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News•February 23, 2006

Gasoline Prices Fall for Third Straight Week

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline dropped 4.4 cents to $2.24 per gallon, as of Feb. 20. That's 33.5 cents higher than last year, according to the Energy Department.

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News•February 21, 2006

FuelCASHBack Launches Fuel Hedging Program

DALLAS – FuelCASHBack and partner Gas-Lock Advisors announced their program to lock in the price fleet managers pay for fuel and eliminate the risk of going over budget. This patent-pending process allows fleet managers to take back control over fuel costs and not pay a cent more when the price of fuel increases.

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News•February 21, 2006

UPS Expands Green Fleet With 50 Hybrid Electric Vehicles; 4,100 Low-Emission Vehicles Also Being Acquired in 2006

ATLANTA – United Parcel Service (UPS) has placed an order for 50 new-generation hybrid electric delivery trucks, and they will also acquire 4,100 low-emission conventional vehicles during 2006.

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News•February 21, 2006

GM Collaborates with Shell and VeraSun Energy to Help Power Its Flex-Fuel Vehicles

CHICAGO – General Motors has added 26 E-85 refueling pumps to stations in greater Chicago through collaborative partnerships with Shell Oil Products U.S. and VeraSun Energy Corp. The collaboration is part of a broader, national GM campaign to boost the use and awareness of ethanol-based E-85 fuel in the United States.

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News•February 16, 2006

Ford of Canada Adding Hybrid Production by 2010

OAKVILLE, Ontario, Canada --- Ford of Canada will become the first automaker to bring hybrid vehicle production to Canada when the Oakville Assembly Complex (OAC) adds hybrid versions of the Ford Edge and Lincoln MKX to its assembly line later this decade.

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News•February 16, 2006

Pennsylvania to Invest $3.7 Million in Alt-Fuel Technology Grants

YORK, Pa. --- Gov. Edward G. Rendell this week announced the investment of $3.7 million in alternative-fuel incentive grants.

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