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

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 10/16/08 6:20pm

Financiapocalypse Is The New Gaspocalypse

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… » 10/10/08 3:20pm 10/10/08 3:20pm

US Vehicle Miles Traveled Drop 3.7% In May; Experts Think Could…

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 7/29/08 9:40am

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

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 6/23/08 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 4:40pm 6/12/08 4:40pm

Truckers Stage April Fools' Day Slowdowns, Strikes

A wide swath of small trucking companies and independent truckers everywhere will be staging a protest of sorts today. Truckers will be slowing their rigs down and parking them as a protest against both fuel prices and perceived industry unfairness. They're mad as hell about the meteoric rise in the price of diesel… » 4/01/08 12:00pm 4/01/08 12:00pm