With Memorial Day in the past, some were hoping gas prices would drop. They haven't. What's going on?
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.
The price of gasoline's certainly lower than the record highs of this past summer. But are they low enough?
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.
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.
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…