gasoline consumption

Gas Prices Start Falling After Oil Decline

It looks like consumers are finally starting to see lower prices at the pump, with auto club AAA reporting a modest decline in gas prices this week. The drop comes after crude oil prices have fallen 20% since July. What does this mean for the economy?

EPA to Raise Limit on Ethanol Concentration in Gasoline

The government will raise the limit on ethanol concentration in gasoline for some cars. The Environmental Protection Agency will raise the limit to as much as 15%, from the current 10%, for vehicles made in 2007 or later, Bloomberg News said without naming its sources.

Penske to Sell Nissan-Made Smart Car

Penske Automotive Group, a chain of car dealerships, reached an agreement with Japan%u2019s Nissan Motor Co. (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name. Penske hopes that adding the Nissan-made car, a four-door hatchback, to the Smart line will boost sales, The Wall Street Journal reported. The company already sells a two-passenger minicar made by Daimler AG.

Why Gas Prices Are Falling in Time for Labor Day

The price per gallon for gasoline is at the second-lowest level in five years, and some economists predict it could drop much further soon. The reason: More-than-ample inventories of crude oil and refined petroleum products.

U.S. Drivers Get a Big Break at the Gas Pump

Gasoline prices fell by just over 7 cents a gallon in the U.S. in the past two weeks, and are likely to stay steady. The Lundberg Survey, carried out on Aug. 27, found the average price of regular self-serve gasoline at $2.70 per gallon - a decrease of 7.54 cents from two weeks earlier, according to CNN.

U.S. Gasoline Prices Rose 4 Cents in Recent Survey

U.S. gasoline prices rose about 4 cents per gallon in the last three weeks, according to the latest price survey. The latest Lundberg Survey, conducted on Friday in 38 markets, shows the average price of self-serve regular was $2.77 per gallon, an increase of about 3.9 cents from the last survey on July 23.