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Drivers are finally getting some relief at the pump. The national average gas price has dropped below $4 a gallon for the first time in months, with prices falling in 47 states as oil markets react to developments in U.S.-Iran negotiations.
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DES MOINES, IOWA – Representatives from Iowa's trucking industry has asked lawmakers to establish standards for biodiesel after severe quality problems occurred in other states.
Read More →WASHINGTON, D.C. --- At the Washington Auto Show, Ford unveiled the Ford Escape Hybrid E85, a research vehicle marrying two petroleum-saving technologies --- hybrid electric power and flexible-fuel capability.
Read More →WASHINGTON, D.C. --- A grassroots coalition of cities, including Los Angeles and Seattle, kicked off a nationwide campaign this week to urge automakers to accelerate development of plug-in hybrid vehicles.
Read More →OLYMPIA, Wash. --- Washington state legislators are considering bills proposing loans and tax breaks to the alternative-fuel industry and requiring oil companies to include Washington-produced vegetable fuels in their products, according to a report in the Seattle Post Intelligencer Reporter.
Read More →BERKELEY, Calif. --- A study released today by University of California at Berkeley researchers refutes the longstanding argument that making ethanol for gasoline consumes more energy than it creates, according to a report in the Los Angeles Times.
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline rose 1.6 cents to reach 233.6 cents per gallon as of Jan. 23, according to the Energy Department. That's 48.3 cents higher than last year.
Read More →AUBURN HILLS, MI – DaimlerChrysler has expanded the use of biodiesel fuel by approving use of B-20 in Dodge Ram pickup trucks effective with the 2007-model year.
Read More →DETROIT – A hybrid bus consortium consisting of 11 transit agencies in California, Nevada, and New Mexico has awarded a contract to Gillig Corp. for the purchase of up to 157 diesel-electric hybrid buses powered by General Motors' advanced hybrid propulsion system.
Read More →SOUTH PORTLAND, ME – Wright Express Corp. has extended its existing fuel-price risk program through the first quarter of 2008. The company initially began executing on its current program in July 2005.
Read More →WASHINGTON, D.C. --- Higher oil prices, arising from tight global crude oil markets and Gulf Coast hurricane damage, led to lower U.S. demand and record product imports in 2005, the American Petroleum Institute reported in its monthly statistical report.
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