FedEx, the world's biggest air-cargo carrier, will boost shipping rates in January as it looks to offset the effects of rising fuel costs on its bottom line. The company will increase FedEx Express shipping rates for domestic and export services by an average of 3.9%.
Americans may grumble about paying the current average of $2.72 a gallon. But that's way better than what folks in Eritrea are forking over: $9.59. However, Venezuelans barely pay anything -- gas there goes for 6 cents a gallon. Here's DailyFinance's exclusive list of gas prices in 34 cities worldwide.
The National Highway Traffic Safety Administration says the popular -- but controversial -- Cash for Clunkers program resulted in the sale of nearly 600,000 fuel-efficient vehicles in less than a month. But the overall impact on the economy remains unclear, according to a new report.
Lines for gasoline could start getting a little shorter on the West Coast, where startup Propel Fuels has raised $20 million to expand its network of biofuel stations. The financing comes just after the Feds set a new renewable fuel standard.
