Oil Futures Close Below $70 A Barrel, Prices At The Pump Matching Historical Record

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… »10/16/08 6:20pm

US Vehicle Miles Traveled Drop 3.7% In May; Experts Think Could Possibly Be Related To Higher Gas Prices Or Something

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… »7/29/08 9:40am

Used Truck Dealers Reporting Pickup Prices Plunging 25% Over Past Three Months

Not surprisingly, the implosion of the new pickup/SUV market now means that your '06 Silverado doubles in value every time you fill the tank. Large retail groups such as CarMax are reporting wholesale prices for big pickups have plunged 25% in the last three months alone. With trade-in values making up a significant… »6/23/08 9:20am