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 6:20pm10/16/08 6:20pm

International Discontinues CXT, MXT And RXT Civilian Truck Line

International, makers of the stupidly huge and awesome CXT »9/26/08 1:40pm9/26/08 1:40pm, 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…

GM Seeing Uptick In Truck, SUV Sales According To Lutz

Bloomberg »8/29/08 10:40am8/29/08 10:40am 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…

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 9:40am7/29/08 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 9:20am6/23/08 9:20am

SwiftFuel Is Just Like Fuel, Except Probably Full Of Crap

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… »6/12/08 4:40pm6/12/08 4:40pm