Fuel prices at the pump continued to climb by 28 cents since last week, according to a report released by AAA today.* With the Spring equinox ushering in warmer weather and more time on the road, gas prices are trending upward alongside seasonal demand. The Trump Administration Iranian war is clearly in play.**
“Last week’s announcement by the White House to release 172 million barrels of oil from the U.S. strategic reserves over four months has no immediate relief on the oil market as the price of a barrel of crude continues to climb,” AAA said. “According to new data from the Energy Information Administration, gasoline demand decreased last week from 9.24 million barrels a day to 8.72 million. Total domestic gasoline supply decreased from 249.5 million barrels to 244.0 million. Gasoline production also decreased last week, averaging 9.4 million barrels per day.” Continue reading











California Ballot Scheme Limiting Robocar Liability Criticized
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Uber (NYSE: UBER) announced today a partnership to put 50,000 Rivian Robotaxis on the road (NASDAQ: RIVN), including in San Francisco, the site of the Cruise AV crash with a pedestrian and Fire Truck. This comes as powerful corporate and legal interests are embattled in a fight over an upcoming California ballot initiative in November limiting victims’ medical recovery in all accident cases. Opponents claim it will prevent the seriously injured from finding contingency fee attorneys, making it difficult to sue robocar operators, manufacturers, or any reckless driver or automaker.*
“This is a naked power grab by Uber to remove liability for its robotaxis and accelerate their rollout without accountability when their robotaxis harm or kill pedestrians and other drivers,” said Jamie Court, president of Consumer Watchdog, a non-profit that issued a report, “License To Kill: How Uber’s Rush To Close Courthouse Doors And Roll Out Robocars Threatens Public Safety.” Continue reading →