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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 American Petroleum Institute (API) reported that U.S. refineries set several production records in the first half of 2005, including a record 2.99 million bpd of low-sulfur diesel, the type required for highway use.
Read More →WASHINGTON, D.C. — President Bush's signature on the $286 billion federal transportation bill will allow hybrid car owners to now begin applying for decals allowing them to drive solo in California carpool lanes, reported the Associated Press.
Read More →PEORIA, IL — Four years after their introduction, more than a quarter-million Cat engines with ACERT Technology are in service today, with approximately 32,500 customers adding 69 million miles on the road.
Read More →CLEVELAND — According to a new study, entitled “Diesel Engines,” from The Freedonia Group, Inc., U.S. demand for diesel engines and related aftermarket parts is forecast to increase 4.2 percent annually through 2009 to $16.3 billion.
Read More →WASHINGTON, D.C. — U.S. drivers — who are already paying the highest retail gasoline prices on record — should expect further gasoline price increases due to skyrocketing costs for crude oil and a flurry of recent refinery problems.
Read More →SACRAMENTO, CA — The average price for a gallon of diesel soared 20.7 cents to $2.801 on the West Coast and 28.6 cents to $2.943 in California last week.
Read More →WASHINGTON, D.C. — A new software tool for government and business fleet managers — available for free at www.eere.energy.gov/cleancities/hev/cost_calc.html or www.newdream.org/hev — compares the costs and emissions of hybrid-electric vehicles (HEVs) to conventional vehicles.
Read More →SACRAMENTO, CA — California Attorney General Bill Lockyer filed suit against the U.S. government to wipe out the federal rule requiring the use of ethanol in California gas tanks, reported the Sacramento Bee newspaper.
Read More →DETROIT — Saturn will launch a line of hybrid vehicles to be called the Green Line Series starting in mid-2006, according to Edmunds.com. The first model will be the 2007 Vue Green Line SUV crossover outfitted with a stop/start device that shuts off the engine at stoplights to conserve fuel.
Read More →TRAVERSE CITY, MI — One-quarter of Toyota Motor Corp.'s U.S. sales will be hybrid vehicles by the end of the decade, according to Jim Press, president of Toyota Motor Sales U.S.A. Inc. Toyota has 10 hybrid vehicles under development for global markets, in addition to the ones it already has launched.
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