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OPEC thinks the electric car revolution is upon us, too
A couple of weeks ago, we wrote about a new report from Bloomberg New Energy Finance, which suggested that the electric car revolution may happen far more quickly than anyone expects. In 2016, BNEF's team of analysts thought that by 2040, 35 percent of the world's new cars would run on electricity...Read More»
Our renewed love for SUVs is all part of OPEC's cheap oil strategy
If you're like most car-owners, you're of two minds when it comes to gasoline. Obviously, part of you is happy about today's low fuel costs. However, another part of you--perhaps the pessimistic part--wonders why gas is so cheap these days. Consciously or subconsciously, you're waiting for the...Read More»
OPEC Laughs In The Face Of Electric Cars
The Organization of the Petroleum Exporting Countries (OPEC) has issued its annual World Oil Outlook report, and to absolutely no one's surprise, it's pretty optimistic about the future of fossil fuels. Among OPEC's big predictions: 1. By the year 2040, 94 percent of vehicles that roam the world's...Read More»
$2 Gas Is Back! Is That Good?
If you've been to a gas station in recent weeks, you know that fuel prices are low -- crazy low. That seems like a good thing, but is it? Yes and no. ALSO SEE: 2015 Nissan Murano: First Drive According to AAA, today's price for a gallon of unleaded regular averages $2.67. In some parts of the...Read More»
Happy 40th Birthday, 1973 Oil Crisis!
Last week, Israeli Defense Forces commemorated the 40th anniversary of the Yom Kippur War with a series of tweets (one of which was misread by investors, causing a brief spike in oil prices). Most Americans don't remember the details of the war, but many remember its aftermath: the OAPEC oil...Read More»
Oil Traders Misread Tweet, Spike In Oil Prices Follows
Look before you leap, our grandmothers used to say. That calm, orderly, sage advice could've come in handy yesterday, when traders panicked about the price of oil after misreading a tweet. Yes, a tweet. The tweet in question came from the Israeli Defense Forces: Oct. 10 #YomKippur73: Israel Air...Read More»
Demand For Gas Plummets, Oil Prices Sink: Is This Good News?
Today, the average price for a gallon of regular unleaded gasoline is $3.45 -- 18 cents below last year, and 23 cents lower than May. That's good news for commuters, road-trippers, and other folks who depend on gas to get from here to there. But wait, there's more: according to the Detroit Free...Read More»
Gas Is Cheaper Than It Was A Year Ago: Are We Out Of The Woods?
In America today, the average cost of a gallon of regular unleaded gas is $3.84. Last year at this time, it was $3.86. And the difference in those prices could be worth more than just two cents. According to BusinessWeek, the last time Americans saw a dip in year-over-year gas prices was in 2009 --...Read More»
2011 - 2012 Suzuki Equator Recalled -- All 73 Of Them
Suzuki fans, we have good news and bad news. First the bad news: Suzuki has recalled 2011 and 2012 models of the Equator pickup. According to a bulletin from the National Highway Traffic Safety Administration, "Some of the bolts that connect the engine oil cooler and the engine oil filter to the...Read More»
OPEC Says Production To Remain Steady; Gas Prices Too?
There’s bad news this morning for drivers awaiting cheaper gas: the Organization of Petroleum Exporting Countries (OPEC) has reached a decision to maintain current output levels, not increase them as had been hoped. Saudi Arabia and its Gulf neighbors had pushed for increased output, largely...Read More»
Chevy Volt Gets Even Greener, Uses Parts From Recycled BP Oil Spill Booms
We've spilled a lot of ink on the Chevrolet Volt, its intriguing powertrain, and its potential sales stats. But today, a different spill is fueling buzz about the newest hybrid on the block -- namely, the BP oil spill. In a story that's part head-scratcher, part publicity stunt, General Motors has...Read More»
Gas Prices To Climb Before Thanksgiving Travel Time
Gas prices have been remarkably stable through this past summer and into the fall. But it looks like that might be due to change. According to experts, it's likely that pump prices could rise significantly—up to 15 cents per gallon—before the busy Thanksgiving travel weekend. For those...Read More»
2011 Model Year Brings New Oils, Longer Change Intervals
The first time you take your new car in for an oil change, beware: Many 2011 models don't use the same oil as the equivalent 2010 models--even if they look virtually identical otherwise. And accidentally refilling with another oil that costs less could end up costing you big; using a different oil...Read More»
Time For A Road Trip? Gas Prices Fall As Summer Approaches
Folks driving to the beach or amusement park this Memorial Day weekend should be in for a pleasant surprise: lower prices at the pump. And although the holiday itself is all-American, Europe deserves credit for the gas price plunge. The slide began a couple of months ago, as the cost of crude oil...Read More»
Two Tales Of Texas Tell Different Stories About Big Oil
We all know that oil is a limited resource. We also know that America is hugely dependent on the stuff, and that much of it comes from foreign sources, which puts the U.S. in some awkward positions, politically, economically, and strategically. Most of us also know that emissions from gas-powered...Read More»
Over The River And Through The Woods Is Getting Pricey
If you're one of the 33.2 million Americans planning to drive to grandma's, the in-laws, or the local outlet mall this Thanksgiving/Black Friday holiday, be prepared for three things: lots of traffic, lewd postprandial stories from Uncle Ted, and unpleasant numbers at the pump. Gas prices have...Read More»
U.S. Government Considers Capping Speculation In Oil Trading
It's no secret that the price of oil--and subsequently, gasoline--has a profound effect on the types of vehicles consumers want. When per-barrel prices hit $145 last summer and gas was over $4 per gallon, folks finally paid attention to all those minicars they'd been hearing about. Now that oil is...Read More»
Gas Hike: OPEC Not Planning To Boost Oil Production Anytime Soon
Gas prices have crept up over the past few months, and while experts don't expect things to reach last summer's $4+ per gallon unpleasantness, prices will likely go well beyond their current $2.40-ish average. That's partially because of summer, when prices surge thanks to higher demand and more...Read More»
Frugal Shopper: Want A Fuel-Efficient Deal? Act Now!
Thinking of buying one of the most fuel-efficient cars like the Toyota Prius, the Honda Insight, or even the Ford Focus or Chevy Cobalt XFE this year, but waiting for even lower prices as dealerships become more desperate to move inventory? That’s probably not going to happen. It’s true that...Read More»
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