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Tag Archives: gas prices
Cheap Oil Good for Automakers?
Spurred by reduced pump prices, U.S. consumer confidence is expected to continue to rise, resulting in a potential shift to larger, more profitable vehicles in the U.S. and Canada since these vehicles will be more affordable to own and the value of fuel economy becomes less important to consumers. Continue reading
Posted in economy, news analysis
Tagged autoinformed, autoinformed.com, cheap oil, gas prices, ihs, Ken Zino
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Gasoline Prices not Shifting Buyers to Small Cars
With U.S. gasoline prices up more than 25 cents compared to a year ago to a national average of $3.94 a gallon, a new survey claims that SUVs remain the first choice among potential buyers as their vehicle replacement choice. Continue reading
Posted in auto news, fuel economy or emissions, marketing, news, prices
Tagged auto informed, autoinformed.com, automotive news, autopacific, gas prices, Ken Zino, small cars, suvs
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Resale Value of Smaller Vehicles Goes Up with Gas Prices
As fuel prices rise so does the trade-in value of smaller vehicles. Most of this is common sense, but it is backed by historical data. The consultancy ALG has modeled the effect of a 1$ per gallon change in regular gas price on 36-month resale/residual values. Continue reading
U.S. Gasoline, Diesel Prices Move Higher, Setting May Record
The U.S. average retail price of regular gasoline added more than 8 cents over the last week to tally $3.96 per gallon.
This is $1.07 per gallon higher than last year at this time and is the highest price in May since the U.S. Energy Information Agency began tracking weekly data in 1990 as if drivers need the federal government telling them what they are paying – painfully – at the pump. Continue reading
Don’t Run a Gas Tank Dry – It Can Cost More than $4 Gallon
It’s a bad strategy, particularly if you run out of gas and get stranded. Here your problems and expenses might just be beginning as costly repair bills can ensue. Continue reading
New Chevrolet Colorado Concept Begs the Fuel Economy Question: Where oh Where is Ford’s Small U.S. Pickup?
Ford, which once dominated the compact pickup truck segment in the U.S., has said that it will close its Twin Cities, Minn, Ranger plant at the end of this year, offering instead more fuel efficient models of the gigantic F-150 pickup the best selling vehicle in the U.S. at 74,000 units year-to-date. The Toyota Tacoma is currently the best selling mid-size pickup truck in the U.S. at more than 15,000 units year-to-date, outselling an ancient Ranger – last major redesign was in 2001 – by more than 2:1. Continue reading
AAA – Gasoline Prices Keep Rising!
The national average for a gallon of regular gasoline jumped 15 cents from last week to $4.09 according to the latest data from AAA and the Energy Information Administration (EIA).
“Most states are now averaging $4 per gallon or higher. Rising crude oil prices are behind the spike at the pump. Volatility along the Strait of Hormuz and instability in the region have pushed crude oil prices into the $90 per barrel range and could continue driving up costs during the second half of summer,” AAA said. Continue reading →