Break out the champagne and 7-liter engines. Have one on us, alright?
The Wall Street Journal and Reuters are reporting that despite a mild increase in crude, oil is hovering around $40 a barrel and it’s expected to further dip in coming months to a six-year low on a global glut of oil.
The national average for a gallon of gas could drop to as low as $2, Green Car Reports says, which would be the cheapest its been since January, and could approach historical lows from 2008.
Just the long and short of it. (photo courtesy: chemistryland.com)
TTAC Commentator sastexan writes:
I’ve been driving cars requiring premium fuel (91+ octane). When I bought my Contour SVT in 1998, high test was $0.20 more a gallon (just under a 20% premium over regular). But it was regularly always only $0.20 more. In the past decade or so, I noticed the delta going to $0.30 and even more. The correlation did not seem to be to the price (eg, premium did not seem to track a consistent 15% increase). Rather, the difference appears to be a flat rate.
Question for the best and brightest – what in higher octane fuel makes it more expensive?
What inputs are there and how much more does it cost to manufacture? (Read More…)
The recent fall in fuel prices isn’t just an opportunity for Americans to demonstrate their collective inability to remember the events of even the recent past; it’s also a decisive hammerblow to E85 plants and retailers across the country.
This has to be the case, right?
(photo courtesy: www.whattoseeinibiza.com)
I am going to Spain for 2-3 years for work but I have decided to sell my truck and only ship my motorcycle. Once I am there I will be looking to buy a cheap used small car, preferably a hatchback with a manual transmission. I am aware of some European brands like Seat, Alfa, Peugeot, Renault, etc. but do not know much about their modern line up. Gas or diesel is fine, can you help me with some recommendations?
TTAC reader Tiburon Guy writes:
2001 Tiburon (yep, this one again): Gassing up clicks like it’s full, even after only a dollar, then keeps clicking. Tank is at an 8th when fueling and yes, i’ve made sure it’s not the nozzle (and does it no matter where I go). (Read More…)
Whether you drive a $30,000 or a $1,500 a car, one variable in life stays constant.
You want to minimize your costs.
Last week in a speech at Daimler owned Freightliner truck plant, President Obama said that the new 55mpg CAFE standards will save a typical American family $8,000 a year on gasoline. That would be great news to most American drivers if it were true but the president took political science and law courses in college, not math. Or maybe his math isn’t off. (Read More…)
A brief piece in the Wall Street Journal’s “Dealbook” discussed the potential of natural gas powered vehicles, largely as a way to stop falling prices for natural gas.
One hope for many natural gas producers reeling from collapsing prices is wider adoption of natural-gas-powered cars.
The biggest hurdle so far: lack of infrastructure to refuel them.
But Steven Mueller, CEO of Southwestern Energy, says if 10% of passenger cars were powered by natural gas, gasoline prices would fall by $1.60/gallon and gas producers would get 4 billion cubic feet/day in demand.
TTAC commentator/writer David Holzman writes:
My ’99 Accord 5speed with 200k on the clock needs a new gas tank. The fuel pump is inside the gas tank. Should I get a new fuel pump with that gas tank? Changing the tank will cost about $600; including a fuel pump will add $300. I’m planning to keep this car another year and a half to two years, at which point it will have about 230k. (Read More…)