Gasoline

May 21, 2008 -- Despite cool weather along the East Coast over the past several weeks, Memorial Day weekend, the unofficial start to the summer driving season is upon us. Some may interpret recent increases in gasoline prices as yet another manifestation of a long-standing tendency for gasoline prices to rise dramatically in the days before the holiday weekend.

The numbers from the last few years do not, however, support this view. Daily gasoline prices from the American Automobile Association’s (AAA) Fuel Gauge Report show that prices have actually fallen slightly in the week preceding the Memorial Day holiday over the past four years (2004-2007), after having risen earlier in the month of May.

Gasoline Prices Tend to Decrease in the Days Before Memorial Day

EcoBoost is Ford Motor Company’s new high-volume, affordable engine technology slated for a range of global vehicles – from small cars to large trucks

NEW YORK, March 20, 2008 – As America watches gasoline prices creeping toward the $4 per gallon mark, Ford Motor Company is coming to the rescue with a new family of engines that promise real-world savings at the pump.

Ford Explorer America Concept: Showcases EcoBoost combined with other sustainability actions; together, they deliver a 20-30 percent increase in fuel economy versus today’s mid-size utilities.

Highlights:

Retail Gasoline Prices, Diesel Prices Retreat

January 16, 2008 -- Tom Brady and Brett Favre, each just one game away from making it to the Super Bowl, are both sure to be inducted into the Pro Football Hall of Fame when their careers are over. Many might argue that one or the other is the greatest quarterback ever, but comparing either of them to the stars of the past requires looking at the context of the game in different time periods and making adjustments so that the comparisons are as meaningful as possible. So, too, must adjustments be made when comparing the nominal record oil prices seen in recent months to other historically high oil prices.

Pump Price Up a Nickel in a Week, Boosting Refinery Profits Even as Economists See Recession Looming

SANTA MONICA, Calif., Jan. 7 /PRNewswire - USNewswire/ -- A weekly national increase of more than a nickel a gallon for regular gasoline has motorists paying a "speculative bonus" to hedge fund traders and others who have kept the price of crude oil near $100 a barrel, said the Foundation for Taxpayer and Consumer Rights. With pump prices up nationally to $3.109 from $3.054 over the past week, at a time of year when prices are historically at their lowest, spring is all but certain to bring new record prices.

Average Retail Gasoline Price at $3 a Gallon

December 12, 2007 -- Despite an increase yesterday, the spot price of West Texas Intermediate (WTI) crude oil has dropped over the last three weeks, from nearly $100 per barrel on November 20, to under $90 per barrel for most of last week. So, will crude oil prices continue to drop, and if so, how low might they fall?

While forecasting oil prices is a difficult task, EIA, in its just released December 2007 Short-Term Energy Outlook, projects the WTI spot crude oil price falling to about $86 per barrel by the end of winter. To understand this projection, it is important to look at some of the reasons behind the latest decline in crude oil prices.

Retail Gasoline Price Slightly Lower, Diesel Price Sets Record

November 28, 2007 -- Many readers are familiar with Garrison Keillor’s phrase used on radio’s “A Prairie Home Companion” series, “Lake Wobegon, where all the women are strong, all the men are good looking, and all the children are above average.”

November 7, 2007 -- One of the most discussed topics in the media today, besides the 2008 Presidential races, is the high price of oil. Crude oil prices have increased dramatically this year, with West Texas Intermediate (WTI) prices climbing from an average of nearly $55 per barrel in January to over $95 per barrel at the beginning of this month.

Survey Reveals Dramatic Behavior Changes

BETHESDA, MD – Nov. 7, 2007 – With gas prices heading for $4 a gallon, consumers are making dramatic changes in driving and vehicle care behavior to save money, according to results of a new study by the Automotive Aftermarket Industry Association (AAIA).

Nearly six in 10 people surveyed claim their driving behavior has changed due to rising gas prices. One-third of motorists surveyed stated that they would made changes when the price of gasoline reached $3 a gallon, and another 32 percent would invoke driving behavior changes if prices reach $4 a gallon, according to the survey conducted by Opinion Research Corporation.

Promotion Valid through November 30th at Participating Toyota Tire Center Dealerships

November 5, 2007 – Torrance, CA - November 5, 2007 – Building upon the success of its 2006 tire promotion, Toyota Motor Sales (TMS), U.S.A., Inc., is offering its "Toyota Fall Gas Fill Up" promotion through November 30, 2007. Customers who purchase four new tires at participating Toyota Tire Center dealerships will receive a $50 Fill It Up gas card that can be used at virtually any fuel establishment that accepts the American Express® card. Toyota is promoting this offer to encourage customers to visit their participating Toyota Tire Center dealership to get tires matched exactly for their vehicle in time for the holiday driving season.

Shell Provides Consumers Gasoline Industry's First Pay By Touch Technology at the Pump

CHICAGO, Nov. 1 /PRNewswire/ -- For the first time, drivers can pay for their gasoline with just the touch of a finger thanks to a new payment method Shell Oil Products US is piloting in Chicagoland starting this week. Shell is the first gasoline retailer in the world to adopt Pay By Touch's convenient and secure biometric payment technology. Shell is piloting Pay By Touch at 10 Chicagoland retail locations.*

Gasoline Prices Rise and Diesel Price Ties Record High

Retail Gasoline and Diesel Prices Move Higher

October 24, 2007 -- With oil prices recently reaching new nominal highs, some are interested in knowing how current prices for crude oil stand in relation to all-time record prices on an inflation-adjusted basis. A wide variety of measurements suggests that “record” inflation-adjusted prices for crude oil occurred in the early 1980s. However, there are two major issues when trying to arrive at an inflation-adjusted record crude oil price: 1) what historical price you use for crude oil, and 2) the price index used to adjust for inflation.

Retail Gasoline Prices and Diesel Prices Higher this Week

September 26, 2007 -- Many new sports stadiums, especially those located in less than ideal climates, have retractable roofs that are opened or closed depending on weather conditions. An analogous mechanism may be at work in oil markets. Since early 2002, oil prices have shown a strong upward trend. Although one or more factors have put a temporary ceiling on oil prices during some periods, oil prices then continued their upward trend, as if a retractable roof had opened.

WTI Crude Oil Prices Have Been Generally Rising Since 2002

BTU-adjusted price of E-85 also displayed to help consumers gauge the cost of the lower-mileage fuel compared to gasoline

Orlando, Fla., 9/27/2007 -- Highlighting the growing availability and interest in the use of E-85 fuel as an alternative to conventional gasoline, the nation’s largest organization for motorists has begun publishing the nationwide average price of the mostly-ethanol blend of fuel this week on its widely-quoted AAA Fuel Gauge Report Web site.

Pricing information for E-85 is also available on AAA’s TripTik® Travel Planner, an interactive mapping, routing and travel planning tool that is available free at AAA.com.