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WASHINGTON, D.C. --- In response to public complaints about the high price of gasoline, Congress again on Tuesday summoned some of the country's leading oil industry executives to defend their record profits.
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VIENNA, AUSTRIA – General Motors Corp., DaimlerChrysler, and the BMW Group will begin production next year on their jointly developed, state-of-the-art hybrid system, representing an automotive industry milestone. This will be the first fully integrated combination of electric motors with a fixed-gear transmission, according to the automakers.
Read More →WASHINGTON, D.C. --- One major reason why gasoline markets have tightened over the past several weeks is the reduction in gasoline production.
Read More →NEW YORK --- After Saudi Arabia officials announced they had thwarted a terrorist plot to attack petroleum facilities, concerns about future potential attacks caused oil prices to reach their highest in 33 weeks on Friday.
Read More →TOKYO - With gas prices reaching record high levels and increasing public interest in environmentally friendly technologies, usually any car labeled “hybrid” would sell easily.
Read More →Detroit Diesel Uses Power Guard Oil Specification
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline climbed 3.4 cents last week to reach $3.038 per gallon as of Aug. 7, which is 67.0 cents higher than last year.
Read More →VIENNA, Austria --- The Organization of Petroleum Exporting Countries (OPEC) last week decided to increase production by 500,000 barrels per day, beginning Nov. 1.
Read More →TRENTON, N.J. --- New Jersey Gov. Jon Corzine has opted not to push his plan to allow self-service at some gasoline stations along the New Jersey Turnpike, USA Today reported.
Read More →WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline fell 3.8 cents last week to reach $3.00 per gallon as of Aug. 14.
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