By on October 24, 2019

On Tuesday, California Governor Gavin Newsom responded to a new report claiming oil companies have been overcharging customers over social media.

“[California] drivers have paid an average of 30 cents more per gallon. There’s no identifiable evidence to justify that,” Newsom said. “I’m demanding an investigation. If oil companies are engaging in false advertising or price fixing — legal action should be taken.”

With California leading the charge against the federal government’s proposed fuel economy rollback, Newsom’s words are a bit of a faux pas. While we agree that companies should not be engaging in price fixing, California’s high fuel prices are largely its own doing. Newsom’s claims completely ignore this rather obvious fact — calling his ability to effectively negotiate the national fueling fracas into question.  (Read More…)

By on February 25, 2019

While the 2019 fuel forecast calls for temperate prices at the pump, Goldman Sachs claims we could be in for a brief surge this spring.

Global oil production is expected to take a sizable hit next month. Saudi Arabia, along with the rest of OPEC, has been limiting production to prop up prices. Meanwhile, Venezuela is having trouble across the board. The nation’s ongoing political crisis has resulted in a steady decline in oil production since 2013, and U.S. sanctions effectively made doing business with Venezuela’s state-owned oil company, PDVSA, an impossibility overnight.  (Read More…)

By on May 24, 2018

Average fuel prices in the United States managed to triple between the years of 1999 and and 2012. While we’ve been fortunate enough to enjoy relatively low prices at the pump over the last few years, analysts predict the current spike will continue through the summer.

However, a recent study from Kelley Blue Book suggests most new-vehicle buyers don’t give a flip about it, with consumers claiming the price surge won’t influence their vehicle purchasing decisions in the slightest.

The assumption that the cost of gas will stabilize in the fall could play a factor for some, but many respondents say the price per gallon would have to reach $4 before they became rattled enough to consider swapping to a more economical vehicle.  (Read More…)

By on May 4, 2018

global fuel prices 2018

You’ve no doubt noticed that gas prices have been creeping up while 2018 progresses. But North America still has it pretty good, especially the United States. Despite fuel prices creeping up to almost $3.00 per gallon, the U.S. still enjoys cheaper gasoline than most of the Western world. Even Canada, which is currently coasting around $4.45 per gallon, manages to undercut the nightmare that is Europe by a wide margin.

North America as a whole spends more on gas per person then practically everywhere else on the globe, though. An affinity for larger vehicles, combined with more time spent behind the wheel, translates into burning more fuel overall. I suppose one could make the argument that we need cheaper petroleum since we use so much of it — just be ready to have someone call you selfish.

For example, the United Kingdom has prices set around $6.59 for a gallon of that good stuff but the average citizen only uses 69.67 gallons a year. However, the average American turns 429 gallons of gasoline into forward motion.  (Read More…)

By on January 12, 2018

2017 Chevy Equinox L

It sounds like a sci-fi novel, or maybe even a Fredrick Forsyth knockoff written during the Seventies heyday of Cold War action/adventure books: Six Months of the Equinox. You can imagine the plot, right? Something happens to freeze the planet’s orbit at a certain point. The seasons stop. Mayhem ensues. There’s a machine that might be able to restart the orbit, but a cabal of Russian oligarchs makes a plan to seize it. Only one man — let’s call him Chest Rockwell — can save us.

The reality behind the title is nearly as frightening: It’s the half-year that my current wife, known to all and sundry as Danger Girl even though (SPOILER ALERT) she is actually old enough to vote, traded in one of her Tahoes for a Chevrolet crossover in an attempt to balance her budget. This is the kind of thing that I typically associate with bubbleheads who can’t do math, but Danger Girl is a CPA with extensive financial training. Was she right to do it? It’s a relevant question, because — as you’ll see below — it’s one that we could all be asking ourselves three years from now.

(Read More…)

By on January 11, 2018

electrify-america-ev-charging-station, Electrify America

The automotive industry’s gradual shift toward electric vehicles is primarily influenced by global fuel economy mandates. A happy side effect is that consumers benefit from having access to vehicles offering better overall efficiency. This translates into lower running costs and some real savings — once EVs come down in price.

However, there are instances where it might still be cheaper to run a plain Jane internal combustion unit. A new study from the University of Michigan’s Sustainable Worldwide Transportation group explores exactly how cost-effective electric vehicles are and how fuel efficient an internal combustion model would need to be to become the cheaper alternative. The answer, as it turns out, has a lot to do with where you live.  (Read More…)

By on January 7, 2018

pumping-gas fuel

Fueling prices and average economy aren’t exactly the sexiest of automotive topics, but they are the two that will probably influence your life the most directly in the coming year. Expensive gas thrusted countless Americans into economy cars during the early 1980s and 2000s, so any advanced warning would be useful to those considering a new vehicle this year.

Last month, crude prices surpassed $60 per barrel after weekly American output dipped and stockpiles fell. That’s the highest they’ve been in over two-years and, with OPEC cutting production and China hungrier for the black stuff than ever before, prices aren’t expected to drop anytime soon. Does that mean you should nix purchasing that big sport utility vehicle you’ve been eyeballing and option the greener alternative? (Read More…)

By on November 9, 2016

2016 Toyota Prius TouringIt’s an all-new version of a car that generally finds 140,000 U.S. buyers per year. But the Toyota Prius is quickly fading from the American mainstream.

There’s no doubt that hybrids, in a general sense, are struggling. Combined sales of hybrids and plug-in hybrids are down 6 percent in the United States this year, according to HybridCars.com.

But the Toyota Prius — the all-new, fourth-generation version of the sector’s progenitor —  is fading at double speed. Despite its newness and its vast objective improvements, Prius sales are down 12 percent this year.

And October was way, way, way worse than that. Much worse.  (Read More…)

By on November 6, 2016

pumping fuel

America’s largest gasoline pipeline returned to operational status today after an explosion in Alabama six days ago killed one worker and injured five others.

Following repair delays caused by an interior fire, Colonial Pipeline Company announced that its Line 1 pipeline was restarted early Sunday morning. However, it will take several days for the fuel delivery supply chain to return to normal. The same goes for pump prices.

(Read More…)

By on December 9, 2015

2016ToyotaPrius_(7_of_10)

Toyota announced Wednesday it would lower its global sales goal for the 2016 Prius in light of low fuel prices curbing sales of fuel-efficent vehicles.

According to Reuters, Toyota’s new target is to move an annual average of 300,000 to 350,000 Prii out of the lot around the world, compared to the 300,000 to 400,000 annual sales average sought for the outgoing model. A company representative said a decline in global sales of the hybrid since 2013 was one of the reasons behind Toyota’s decision.

(Read More…)

By on June 8, 2015

Nissan Leaf

Like the leaves in autumn, sales of the Nissan Leaf are falling amid a flurry of changes coming to the EV this summer.

(Read More…)

By on June 4, 2015

EDI_mpg_May-2015

Things are looking up for U.S. new-car fuel economy, as the average climbed 0.3 mpg in May to 25.5 mpg.

(Read More…)

By on June 3, 2015

Roth Chevrolet Circa June 2013

As loan terms continue to stretch further into the future, spending on new-car purchases hit a new all-time high in May 2015.

(Read More…)

By on May 27, 2015

Great_Wall_Haval_H6_01_China_2012-06-02

A handful of factors are fueling China’s current SUV boom, with road-rage protection at the top of the list.

(Read More…)

By on May 22, 2015

Ford Mustang Receiving Gas Circa April 2015

OPEC is doubling down on shoving shale off a cliff, continuing the trend of low fuel prices through the fall in so doing, Memorial Day Weekend aside.

(Read More…)

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