Labor Day weekend travelers are facing the highest gas prices* ever for this time of year, according to AAA.** The latest data from the Energy Information Administration (EIA) show gasoline demand decreased last week from 9.04 million barrels per day to 8.92 million. Total domestic gasoline supply decreased from 206.8 million barrels to 205.7 million. Gasoline production stayed the same as last week, averaging 9.8 million barrels per day.
“The national average is $4.14, up 4 cents from last week. Continued volatility in the Strait of Hormuz has pushed crude oil prices in the $90 per barrel range. After a record-setting August, this Labor Day weekend is on track to also set a record at the pump. The national average has never been above $4 per gallon on Labor Day. The current Labor Day record is $3.82, set on 3 September 2012. Even though gasoline demand decreases this time of year, typically bringing down gas prices, this year is different due to the high cost of crude oil,” AAA said in a release. Continue reading













Ford Recalls 150,000 Mustangs for Sudden Drive Power Loss
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Ford Motor Company (NYSE: F)* is recalling ~150,000 2024-2026 model-year Mustang pony cars. The engine compartment wiring harness ground connections may fracture and result in a loss of drive power, or loss of function in the windshield washing system, headlights, air conditioning, or engine cooling fan.
“In affected vehicles, the engine compartment wiring harness ground eyelet terminals may experience fatigue fracture. Depending on which ground eyelet fractures, this condition may result in a loss of motive power, loss of right and/or left headlamps, loss of windshield washer fluid pump function, loss of air conditioning, and/or an inoperable engine cooling fan,” Ford said in the mandatory safety defect recall filing made public by the National Highway Traffic Safety Administration (NHTSA) this morning. Continue reading →