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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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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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It turns out that a majority of Americans surveyed in a recent J.D. Power & Associates study are very enthusiastic about hybrid technology...until they find out that they have to pay for it. Continuing a long history of having cake and eating it too, 72% of consumers said they were interested in hybrid technology independent of cost. When a $5,000 cost was included in the equation, the number of respondents who were interested dropped to 46%. When consumers discovered that hybrids weren't available at Wal-Mart, interest plummeted into the single digits. More »
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Today brought us news of a purported new solution to high gas prices: SwiftFuel. Currently intended as a replacement for leaded 100-octane aviation fuel, SwiftFuel claims to be ethanol-based, but somehow free from ethanol's negatives such as its lower energy density, incompatibility with gasoline, and propensity to destroy rubber components. How do we know all this? The company's MySpace page told us so. But since we realize social networking sites sometimes contain minor misrepresentations, we decided to dig deeper. What we've discovered, and more importantly, what we still don't know, after the jump. More »
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Mike Jackson, Chairman and CEO of AutoNation (and thus America's number one car salesman), finally breaks taboo and utters the unthinkable: High gas prices are a good thing. "You have to tell the American people the truth," he says. "Energy costs are going to be higher." Oh Mike, Mike, Mike. Don't you know that the first rule of Car Club is that gas will always be cheap? And if it isn't, then you make it cheap, a-la Chrysler's "Let's Refuel America?" Mr. Jackson's poignant, thoughtful wacky rationale after the jump. More »
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The answer is probably a lot more than you wanted to. According to the Lundberg national survey, the average price of regular self-service gas reached $3.62 a gallon, an increase of approximately $0.15 over the last two weeks and nearly $0.30 over the last month. This, of course, is occurring right before the summer driving season when demand is the greatest. The highest price was in San Francisco at $3.95 a gallon, with the lowest price at $3.39 per gallon in Cheyenne, Wyoming. City leaders in Cheyenne are planning a new tourism campaign based around this entitled "Cheyenne, Cheap Gas And Two Olive Gardens." More »
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Think the prices at your local pump are high? If you aren't in California, don't feel so bad. Sure, you may be paying $4 per gallon, but whatever. Because as our auto-loving friends on the Cali coast know, yes, it really does cost $5.40 per gallon. You non-Americans may scoff, what with European prices being around eight thousand dollars per gallon, but for us this cost is simply outrageous. Don't oil companies know this is America? We'll never stand for such prices. Or at least we'll just sit here in our cars and wait it out. [CNN] More »
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Newsweek just published an interesting, though recycled article about the state of fuel mileage. We've all heard it before right — automakers could give you 50 MPG cars, but then there would be sacrifices in safety, performance, and passenger space. Well according the article and a variety of sources, competition for the half century mark is about to heat up with the 2010 Chevy Volt, a line of Prius branded models, and a new hybrid competitor from Honda. Considering the price of dino-squeezins is probably going nowhere but up this summer, we sense a media frenzy on these types of stories. [Newsweek] More »
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