May 8, 2008New records for gas prices
At the same time, a new record was set for gasoline prices at the national level. This is from the Associated Press: Gas prices jumped nearly 3 cents overnight to a new national record of nearly $3.65 a gallon Thursday, while oil prices paused from their own climb to record highs and succumbed to mild profit-taking. At the pump, the average price of a gallon of regular gas nationwide rose 2.7 cents to a record $3.645, according to a survey of stations by AAA and the Oil Price Information Service. Diesel prices also rose, adding 0.9 cent to match a record national average of $4.251 a gallon. April 23, 2008Auto industry told to deliver more fuel-efficient carsIt appears as though the federal government is holding strong to its mandate of last year that the auto industry's average fuel efficiency by 2025 be 35 mpg. This is from Dow Jones: Automakers, often criticized for moving too slowly to react to environmental and geo-political concerns, are facing a new set of rules aimed at raising fuel economy standards, the Transportation Department said Tuesday. Current federal regulations call for average fuel economy across the industry of 25 miles per gallon, which amounts to 27.5 miles per gallon for cars and 22.5 mpg for light trucks. The new proposed rules look to bring that average up to 31.6 mpg by 2015. Last year, Congress mandated that the industry average for cars and trucks reach 35 mpg by 2025. And, by the way, if you didn't notice, gas prices in Roanoke rose another 3 cents overnight to $3.408. April 22, 2008More gas newsI know you're probably already sick of seeing my gas updates, but this time it's different. This time, it was me paying the high prices, and it ticked me off. I paid $3.45 in Christiansburg this morning. It should not take $40 to fill up my manual-drive Saturn, but it did. And it didn't even fill up. If you want evidence to my pain, AAA reports this morning that Roanoke-area gasoline prices hit a new record at $3.375, up 2.2 cents since YESTERDAY. April 21, 2008As gas rises, so does hybrid usageAs gas prices continue to climb (Roanoke hit a record $3.353 per gallon this morning), the number of people opting for super-fuel-efficient vehicles is also on the rise. This is from the Associated Press this morning: A growing number of buyers feel like Fenske. U.S. registrations of new hybrid vehicles rose 38 percent in 2007 to a record 350,289, according to data to be released Monday by R.L. Polk & Co., a Southfield-based automotive marketing and research company. Hybrids made up just 2.2 percent of the U.S. market share for the year, but they were growing steadily even as overall sales declined 3 percent. Virginia is listed as one of the leading states for hybrid usage. The state has 3.4 percent of all registered hybrids in the country. What are you driving? Are you considering a hybrid? April 10, 2008Roanoke gas prices set new recordThe price of a gallon of regular, unleaded gasoline in the Roanoke metropolitan area set a new record at $3.235 today, according to AAA. The average price statewide also set a new record at $3.278, and experts say parts of the nation will see the average price rise to $4 at some point this summer. Some people are changing their plans for summer vacations. Are you? How are you staying sane at the pump? |
About this blog
As the U.S. economy struggles to find its footing -- and experts debate daily whether or not we are in a recession, heading toward a recession or neither -- business editor Chris Winston writes this blog to provide local, state and national information to help you make heads or tails of the headlines. .....Advertisement.....
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