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If your travel plans for Thanksgiving involve sitting behind the wheel for a few hours until you get to your destination, there are still a few things you should do before you leave to make sure that you get to your destination quickly and safely. More »
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Just as we've said previously, gas prices may have been higher this spring than they were in 2008, but as we can already see, thanks to this great chart from Kelley Blue Book, prices retreating earlier in the summer than they did three years ago. Here's why it's happening and why the rest of the summer those prices will continue to drop. More »
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America's summer of four-buck-a-gallon gas has barely started, yet there's some hope afloat that prices could decline soon. Business Insider's Joe Wiesenthal explains why those hopes shouldn't get too high — especially with oil prices shooting skyward again today. — Ed. More »
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The price of gas is fast approaching the $4 a gallon level nationwide. Already in the state of Illinois, average gas prices even went beyond that psychological level — hitting $4.03 for a gallon of go-juice. More »
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A member of Quattroworld posted this image of a Chevron in Death Valley with $5.40 regular. He noted gas in nearby Beatty, Nevada was about $2 per gallon cheaper, but do you really want to chance it? More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5786422&view=rss&microfeed=true The average price of gasoline dropped for the third consecutive day to $3.564, according to AAA. Looks like you can put that fuel economy window sticker back on your V10 Excursion. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5782969&view=rss&microfeed=true Hawaii wins the race to become the first state in the U.S. to top $4-a-gallon gas as we move ever-closer to summer driving season. [LA Times] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5781779&view=rss&microfeed=true You flush bastards in LA, stop complaining about $4.00 gas. Mississippians are getting screwed disproportionately, paying $3.42 a gallon but spending the largest percentage of their pay on it, at 13.2%. Income disparity's a bitch. And don't you laugh, Montana. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5780235&view=rss&microfeed=true National gasoline prices reached an average of $3.14 a gallon this week, according to the U.S. Energy Information Administration. That means today's gas prices are 53 cents more per gallon than a year ago and highest since October 2008. More »
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Gasoline may be pricey (and getting more expensive soon), but it's cheaper than running your car on Aqua Velva, Chicken Broth, human blood, or the various other liquids compiled by Sympatico Autos. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5744168&view=rss&microfeed=true Oil prices hit $87.63 a barrel — a two-year high. Better news? It'll hit $113 a barrel by 2035. [AFP via Breitbart] More »
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Tesla CEO Elon Musk is speaking right now at Wired Live. What's he saying? For starters, he wants to buy a car factory from a Detroit automaker so he can produce 100,000 cars per year. More craziness below. More »
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AAA reports the national average for a gallon of gas's up 62.1 cents over the last 48 days to $2.67. That's a 30.4% increase. But it ain't so expensive, or cheap, everywhere. Here's a current county-by-county nationwide pricing map. More »
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With Memorial Day in the past, some were hoping gas prices would drop. They haven't. What's going on? More »
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With Swine Flu possibly threatening global economy recovery, oil futures fell 4.5% to $49.25 a barrel today. That's good news for those of us planning to ride out the Swine Flupocalpyse in our cars. [Marketwatch] More »
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Juan Zamora pumped $26 of gas into his 1994 Chevy Camaro at his regular Conoco just like any other normal day. The only problem is his Paypal debit card recorded a transaction of $81,400,836,908. More »
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The price of gasoline's certainly lower than the record highs of this past summer. But are they low enough? More »
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Despite lower gas prices in November, demand for SUVs has faded while sales of pickup trucks have rebounded strongly. Somehow, the spike in gas prices didn’t make pickup trucks uncool. Why? Utility. More »
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OPEC today announced it will cut daily oil production by 2.2 million barrels, a response to the shrinking price of gas. And how did the market respond to the news? Crude is down. More »
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The price of a regular gallon of gas dropped to an average of $1.97 on Friday, the lowest price since March 4, 2005, according to the Lundberg Survey. By comparison, gas prices hit a high of $4.11 on July of this year, meaning the price has changed more than 50% since the summer. Additionally, the average price of diesel fuel for that new 2009 Jetta SportWagen TDI is now just $2.93 per gallon, the first time that a ride on the green handle was less than $3.00. Now with cheap gas we can all conveniently forget about hybrid cars and go back to building body-on-frame sport utility vehicles and take Hummer off the auction block. We've got average prices for a smattering of cities below, but how much did a gallon cost you today?. More »
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The futures price of a barrel of crude oil closed today at $69.85, down $4.69 a barrel since trading ended yesterday. This is the first time oil closed below $70 a barrel since June 2007, which forced us to ask the question: 'How much did a gallon of regular cost in June 2007?' Well, after a quick hunt we found the answer was $3 a gallon, with a low price of $2.75 in Jackson, Mississippi and the high in Chicago at $3.39. Where does that leave us? With a desire to shake our fists at big oil about why gas prices haven't come down...only to find out they have, and match the historical record almost perfectly. Dagnabit. [NYTimes, Gas prices from: CarSeek] More »
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As MSNBC reports, crude oil prices are creeping upward on reports of positive economic news around the globe, but not before they hit their lowest price in over a year on Friday: $77.70 a barrel. Turns out the global recession is lowering demand for oil, forcing prices into an overall downward trend, a cycle at least one analyst expects to continue in the short term. The result at home has been a drop in gas prices from a national average of $4.11 per gallon in mid-July to the current $3.35 for a gallon of dino-juice — just the thing to prop up consumer confidence, at least until OPEC's special meeting next month, which actually might have more to do with propping up the Dow Jones Industrial Average today than anything else. So do your part, folks: Drive your cars or the domestic terrorists on Wall Street win! More »
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If you haven't been paying attention lately, the price of a barrel of crude oil has dropped over the last month, trading today at a 13-month low of $78.61 in mid-day trading. Analysts are pointing toward the continued disintegration of the financial markets which could lead to drops in global productivity and thus fuel consumption. The gaspocalypse is indeed easing as we've seen such craziness as above, regular on sale for under the $2.99 figure right at our corner fuel stop. Sure is a far cry from that trade-halting $120-a-barrel price spike three weeks ago. [CNN Money]
Check out Gawker Media's full Financiapocalypse coverage at Economy.Consumerist.com! More »
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Today, the price of a share of Ford stock dipped to $2.40 (as of 1:58 PM), the lowest price valuation on the automaker since 1983. In fact, at that price, we figure it's lower than the cost of a gallon of regular unleaded gas at any service station in the country. We decided we'd see if that was actually true. More »
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Transportation Secretary Mary Peters is lamenting the fact that Americans are driving less, resulting in declining gas tax revenues and decreased funding for road projects. As eTrucker reports, the federal government already had to make an emergency contribution of $8 billion to the DOT in September to continue in-progress projects. Statistics show Americans have driven 62.6 billion miles less than they did over the same nine-month period last year, leading Peters to remark "If we don’t evolve our policies, we will leave a sad legacy of old roads, crowded highways and unfulfilled transit ambitions." Which is exactly what we have now, so who do we blame for that? [eTrucker; Photo Credit] More »
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We thought Twitter was only useful for Jalopnik readers looking to get notified when we run important stories by subscribing to our feed. But who knew the tool had other uses? In a definitive sign the looming gaspocalypse has in fact already arrived, Atlanta residents are using Twitter to help them locate gas stations that actually have fuel to sell. More »
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If you're watching tonight's Presidential debate — and why wouldn't you be as energy policy will affect the price you pay at the pump — head on over to Gawker's live-blog of the debate. Who knows, it could be fun! [Gawker, Photo Credit: Chron] More »
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International, makers of the stupidly huge and awesome CXT, MXT and RXT $90,000+ luxury consumer trucks, has killed its consumer products division. You can guess why: The rise of green fashion, gas prices and the whole "America doesn’t have money anymore" thing. The company will now focus exclusively on their commercial and military ranges. [Kicking Tires] More »
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In case you don't have the ticker for oil prices set in your RSS feeder or a cerebral feed to the 24 hour news channels (I like CNBC for all the pretty colors! — Ed.), you might not know that the price on a barrel of light sweet crude jumped as much as 24% to above $130 per barrell at the New York Mercantile Exchange today, halting trading momentarily as prices exceeded the daily limit. The day ended with prices up 14.78% to a price of $120.00 for October contract expirations. Analysts are naming the cause as either confidence in the economic recovery following the proposed $700 billion plus bailout of the banking system or the runaway inflation that may be a result of the same action. Regardless of the reason, we just ran out and filled up our tanks before the shock hits gas stations, and we'd recommend the same to you if possible — as the gaspocalypse draws ever more nigh. [Marketwatch, More »
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Anthony Salinas, 18, of Hammond, Indiana is just a businessman; He's got to watch out for his bottom line, and the rising price of gas has forced him to drop a fuel surcharge on top of what he sells — cocaine. It's not an ideal situation, but economic forces are driving up the cost of everything, and a small businessman can only absorb costs for so long until passing them on to the customer. More »
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Bloomberg today reports that GM product czar Bob Lutz, referencing a handful of GM dealerships, is saying that the decline in pickup sales may be "bottoming out." Lutz apparently commented that dealers are seeing "some resurgence in demand for full-size SUVs and pickups," though he declined to mention specific figures — or the specific dealers reporting the demand. So, what's behind the new SUV boomlet? More »
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Filling a need we didn't know we had until just now, a pair of developers have created a website that tracks your fill-ups in a community setting. Dubbed "Fuelly," because every web 2.0 application needs an adorably misspelled name, the site is actually quite fun and full-featured. Just add your car to the system and start tracking your mileage, how much you spend on gas, how you stack up to EPA estimates and how much you'd save by improving your mileage. Join now before weirdo dragons looking for 13-year-old cars take over the site. More »
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Toyota is basing its production plans on projections that US gas prices could rise as high as $5.00 a gallon as soon as 2015. The Japanese automaker also believes the full-size truck market will experience a significant recovery in the near future. Despite demand for its fuel-efficient Prius hybrid reaching an all-time high, it is unable to increase production of the vehicle until the 2011 model year. But gas hit $4.00 a gallon earlier this year: It seems unlikely that it'll take seven years for it to rise another dollar, so is Toyota being too optimistic with its projections? More »
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According to a report from the U.S. Federal Highway Administration, Americans drove 3.7% less in May 2008 than in May 2007. It may not sound like much, but that equates to 9.6 billion fewer miles driven during a month particularly significant as a big vacation travel time. The report notes the decline is primarily due to high gas prices, but it's being used as a rallying cry for alternative infrastructure funding: With less fuel usage, gas taxes alone won't pay for desperately needed roadwork and bridge repair. We bet you Prius owners out there didn't think about how you were screwing over the rest of us, did you? More »
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Looks like gas prices are suddenly decreasing as the market realizes we have more supply than we thought we had...seriously. As much as this continues to makes us doubt the rationality of modern energy markets, we're at least happy it's going to be a cheaper commute for many Americans. Have the changes impacted you? Or is this more hot air? More »
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Mike Ward, CEO of Tiger Truck LLC, thinks his Chinese-designed, Oklahoma-built Tiger Champ truck is just what Oklahoma farmers need — particularly with 37 MPG from its Caterpillar-sourced three-cylinder diesel engine. With a retail price of about $13,000, the price point is certainly right. So why isn't the nation signing up for the Tiger Champ and its sister truck, the Tiger Star? Both trucks are slow. Neither pickup is legal, outside of Oklahoma, to drive on public roads. Oh, and neither meets federal safety standards. Good thing Ward's got friends in high places. More »
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Senator Larry Craig (R-Bathroom Fondling) was the member with the balls to grandstand in front of the open Senate in pursuit of relaxing the congressional ban on offshore drilling ban on some coastal areas. From every other distinguished member of the Senate, this wouldn't be funny. But then again, not every other member of the Senate have been busted trying to allegedly fool around in the men's room. [CrooksandLiars] More »
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A recent report in the Windsor Star claims the cars Chrysler plans to hybridize by 2013...will be minivans. On top of that, they're even looking at a diesel version of the soccer mom-mobiles, with both to be built at the company's Windsor, Ontario plant. More »
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Lacking a call-center or professional statisticians, we asked you what you thought the national speed limit should be. Apparently Rasmussen Reports don't trust us, and since they have both of those things, they decided to ask pretty much the same question. They found 59% oppose one, 34% support one and 7% aren't sure. What the poll also found — as well as our own version of the poll — after the jump. More »
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With gas prices continuing their climb, owners are fearfully turning to alternative uses for their devalued SUVs. Whether you have a Suburban, an Excursion or a Sequoia, alternative uses from that sport utility vehicle now that you can't afford to actually drive it are sounding pretty good right now. Here's ten alternative uses for your gas guzzler that won't require you to fill it up first. More »
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