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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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WASHINGTON, D.C. --- The Internal Revenue Service (IRS) has certified the 2006-model year Ford Escape Hybrid and the 2006 Mercury Mariner Hybrid vehicles as being eligible for the clean-burning fuel deduction. This certification means that taxpayers who purchase one of these hybrid vehicles new during calendar year 2005 may claim a tax deduction of up to $2,000 on Form 1040.
Read More →DEARBORN, Mich. --- New York City's first mini-fleet of hybrid taxicabs -- six Ford Escape Hybrids -- took to the streets of the Big Apple Nov. 11.
Read More →WASHINGTON D.C. -- The U.S. average retail price for regular gasoline dropped by 10.4 cents to 237.6 cents per gallon, falling for the fifth straight week in a row, according to the U.S. Energy Department.
Read More →INDIANAPOLIS -– Under the leadership of Lt. Gov. Becky Skillman, the Indiana State Department of Agriculture has agreed to work with the Indiana Energy Group to administer a $1.1 million alternative fuels grant program.
Read More →ATHENS, Ga. -- Researchers at the University of Georgia and the University of California, Santa Cruz, have secured $1.35 million in U.S. Energy Department grants to develop hydrogen fuel cell technologies.
Read More →WASHINGTON D.C. -- In a senate committee hearing Wednesday, top executives from five major oil companies -- Exxon Mobile Corp., Chevron, ConocoPhillips, BPAmerica and Shell Oil USA -- vigorously denied any price gouging at a time of record profits. Instead, they attributed their third-quarter profits to market conditions.
Read More →PHOENIX, AZ - People who bought alternative fuel vehicles can't sue because the state later rescinded their tax credits, the Arizona Supreme Court has ruled.
Read More →WASHINGTON D.C. -- Senate Majority Leader Bill Frist (R-Tenn.) last week called for hearings to answer questions about the oil industry's record profits at a time of rising fuel costs.
Read More →SAN PEDRO, Calif -- Port of Los Angeles harbor commissioners this month were briefed on a new plan to repurpose two of the Port's major air quality improvement initiatives in order to buy road haul trucks and in-port cargo handling equipment that run on alternative fuels.
Read More →WASHINGTON D.C. -- The U.S. average retail price for regular gasoline last week dropped 12.2 cents to 260.3 cents per gallon, falling for the third week in a row, according to the U.S. Energy Department's Energy Information Administration (EIA).
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