For anyone who sat in traffic last year and felt like your time and money was slowly sliding away as the minutes ticked by, you’re not alone. A new report says American commuters wasted more time and fuel in 2011 than the year before, averaging out to about $818 on average in 2011. [More]
Even though Americans are cutting down on how often they hit up the gas pump, as a country we’re paying a higher percentage of our incomes on gasoline than we have in the last 30 years. The Energy Department said in a new report that U.S. households shelled out an average of $2,912 last year for gas, or about 4% of their pretax income. [More]
Watch ads for the 2013 Ford Fusion Hybrid sedan or its C-Max Hybrid wagon and you’ll hear that the vehicles get 47 miles per gallon (highway and city combined), which sounds awfully nice considering the cost of gasoline. But real-road tests of these cars don’t seem to back those numbers up. [More]
The price of gas in California has increased more than $.50/gallon in the last week and now stands at an average close to $4.70, with some remote locales charging over a dollar more per gallon. Hoping to bring that price down — or at least rein it in, Governor Jerry Brown directed the California Air Resources Board to temporarily relax smog controls by allowing refineries to produce winter-blend gas weeks earlier than regulations currently permit.
When an online retailer makes a pricing error, it usually has a chance to cancel orders before they ship. But when a gas station accidentally sells fuel for nearly 75% off the retail price, oodles of drivers will line up to fill up before someone fixes the mistake.
Experts continue to point their fingers at Europe for rising gas prices. Last month the continent’s credit crunch was the culprit, and this month it’s rising prices of Brent crude oil in the North Sea that’s guilty of pushing gas prices up to an average of $3.51 per gallon as of the end of last week.
Earlier today, the White House — along with the EPA and DOT — formally announced their proposal to improve fuel economy over the next decade and a half, with the goal of achieving fuel efficiencies equivalent to 54.5 miles per gallon by 2025.
When you choose a grade of gasoline at the fuel pump, you’re taking the gas station at its word that the gasoline coming out of the nozzle is the octane you selected. But the Attorney General for the state of Texas has filed a lawsuit against a chain of filling stations, alleging that its premium- and medium-grade gasoline has been diluted with the regular stuff.
The average price for a gallon of gasoline in the U.S. has been hovering just below the $4 mark for quite some time, with the average now at around $3.80 per gallon. But earlier today, the CEO of Gulf Oil said he expects that price to dip down at least another $.30 by the time we’re setting off fireworks and painting our faces red white and blue for the Fourth of July.
Next time you’re running close to the deadline for returning a rental car and have to choose between a late fee or being penalized for not having a full gas tank, be sure that you’re using the right per-gallon dollar amount when figuring out which will cost less. According to a new USA Today survey, the penalty for having to fill up a rental car’s tank can now set you back over $9 per gallon.
As gas prices have continued to rise in recent weeks, the people of Suffolk County in New York must have been so happy they passed a law that would cap sales tax on gas. The regulation was supposed to have kicked in on March 1, but, well… someone goofed.
Movies make most things seem easier than they actually are: Fighting off gangs of ninjas one-by-one, solving impossible math problems on Harvard blackboards and, most importantly, siphoning gas with your mouth.
By attaching a mile-long pipe to its leaking well, BP is now able to slurp off 1,000 barrels of oil daily. The Gulf of Mexico spill currently emits about 5,000 barrels of oil per day, according to BP/Coast Guard/NOAA estimates, which have been challenged by independent scientists who put the figure more at 70,000 barrels per day, and criticized BP for using methodology specifically not recommended for measuring large oil spills. BP’s response: we’re here to stop the oil, not measure it. Scientists are also concerned that the oil could reach a major stream that would ferry it into the Florida Keys and up the East Coast. Looks like we’re gonna need a bigger milkshake straw.
A tank that customers at an upstate New York Costco gas station thought was full of premium gasoline may have actually dispensed E85 ethanol, damaging engines and fuel systems of cars not designed to deal with the fuel. E85 is a mixture of 85% corn juice and 15% gasoline that can severely damage engines not designed for it.
BP failed in its efforts this weekend to stop the worst of the Gulf of Mexico oil leaks with a 98-ton concrete and steel cap. The company said the dome’s aperture became clogged by gas hydrates, and the hydrates also nearly built up to a level that would have lifted and dislodged the the stopper. “I wouldn’t say it has failed yet,” said Doug Suttles, a BP officer, at a news conference Saturday. “What I would say is what we attempted to do last night didn’t work.” BP said later this week they will try to plug the hole with rubber.
is in the middle of constructing has built a 100-ton concrete and steel funnel that will be placed over the Gulf of Mexico oil leak to contain it and allow the oil to be pumped onshore. The placement, which I imagine is something like an incredibly stressful large-scale version of The Claw Game, is scheduled for noon eastern today. Will it do the trick?
Several states are reporting this morning that average gas prices have crept up slightly, despite the fact that oil consumption has dropped and refiners are operating below capacity. The Miami Herald blames the price creep on Wall Street speculators who are optimistic that the economy is getting better, which in turn will lead to increased gas consumption.