Savings Shrink as Americans See Biggest Monthly Income Drop in 20 Years
Savings have fallen this year, as American households in January experienced the worst 1-month income drop since 1993.
Savings have fallen this year, as American households in January experienced the worst 1-month income drop since 1993.
If you're among the 39 million Americans on the road for the Fourth of July weekend, you're burning up hard-earned money with every mile. Pump prices were still averaging a hefty $3.55 a gallon across the nation for regular on July 1, so it's time to fuel up on gas-saving tips.
Not long ago, everyone knew gas was sure to reach $4 a gallon for regular on a nationwide basis soon. Now, though, that sure thing is looking iffy: Gas prices are wavering, and a number of factors at home and abroad are about to come together to push demand -- and prices -- lower.
The average American family will spend about $825 more for gas in 2011 than it did in 2010. But for every pain there is a pill, and in this case, a partial cure for the fill-'er-up blues may be to sign up for a gas station credit card. Done the right way, it can result in hefty savings. The key: paying off the balance at the end of each month.
It's almost automatic: As soon as gas prices go up, the media rushes to offer suggestions for saving money on fuel. But rather than recycling all the old familiar ideas, DailyFinance asked its readers for their best suggestions to reduce pain at the pump, and you gave us some unusual options.
Biofuels company Solazyme owns a unique process when it comes to converting algae into a fuel could replace the gas in your car -- a method that could be used to create oil on an extremely large scale and at an extremely low cost. The company has just announced it's going public: You might want to get in on the action.
As soon as oil prices rise, it takes little time before drivers begin to feel the pain at the pump. But it takes far longer for price decreases to reach consumers. Here's why.
As fuel prices rise, United Continental Holdings says it is scrapping plans to add flights this year and also plans to drop unprofitable routes.
It has become clear to politicians and scientists that corn-based ethanol isn't the solution for creating a home-grown fuel source. Enter "cellulosic ethanol," made from wood chips, weeds or algae. Could it be the fuel of the future?
Toyota's recall troubles seem never-ending. Just a few months after the car company's last recall, it has found defects involving the fueling systems of a variety of Lexus models. This won't help the company's beleaguered reputation.
Southwest Airlines is flying high: It's proven consistently profitable, and it serves more passengers than any other U.S. carrier. But as the airline expands its service, CEO Gary Kelly says volatile jet-fuel prices are his biggest concern going into 2011.
Luxury automakers Jaguar and Volvo are each recalling about 6,000 recently made automobiles to repair faulty windshield wipers and fuel systems, respectively, according to a notice Monday from federal safety officials.












