November 6, 1990 |
These are turning out to be the worst of times for the nation's airlines, the most devastating 12 months the industry has ever experienced. "This is going to be an awful year, dreadful, stinko," said Robert L. Crandall, chairman of AMR Corp., the parent of American Airlines. Estimates of the industry's probable losses for 1990 range from $1.5 billion to $2 billion.
March 5, 2012 |
Gasoline prices are keeping up their record-setting ways. California drivers paid an average of $4.358 for a gallon of regular gasoline, up 6.6 cents from a week earlier, the Energy Department said Monday. That's a fresh record high for this time of year and is 48.4 cents above the year-earlier price. Nationally, the average rose 7.2 cents to $3.793, also a record for this week, according to Energy Department statistics. A year earlier, the average U.S. price was 27.3 cents lower.
November 2, 2012 |
South Korean automakers Hyundai Motor America and Kia Motors America overstated the fuel economy on nearly a million late model vehicles and will issue owners special debit cards to reimburse the extra money they are paying for fuel. The error was announced Friday by the U.S. Environmental Protection Agency, which monitors the fuel economy tests by automakers. The mileage on most vehicle labels will be reduced by 1 to 2 miles per gallon, and the largest adjustment will be 6 mpg highway for the Kia Soul, federal regulators said.
September 24, 1990 |
Delta Air Lines said today that its earnings for the first quarter of its fiscal year will be down sharply because of increased fuel prices that followed the Iraqi invasion of Kuwait. Thomas J. Roeck Jr., Delta's senior vice president of finance, said earnings for the quarter that will end Sunday would be "significantly worse" than those for the same quarter last year, when the airline posted record profits. Roeck said the airline is now paying 64% more for jet fuel than it was before the Aug.
July 3, 2012 |
The average retail cost of a gallon of regular gasoline in California dropped to its lowest level since February and the national average fell to its lowest point since January, the Energy Department said, as pump prices continued to adjust to lower oil prices. Some parts of the country may see a slight bump in prices over the Fourth of July holiday, said Patrick DeHaan, senior petroleum analyst for GasBuddy.com, a fuel price-tracking website. "One thing is for sure," DeHaan said about the national average.
November 8, 2012 |
Hyundai and Kia are facing a new lawsuit over inflated fuel economy claims. This case, filed Wednesday in U.S. District Court in Santa Ana, challenges the automakers' plan to give owners of about 900,000 late-model vehicles special debit cards to make up for the autos not getting the fuel economy Hyundai and Kia claimed. An Environmental Protection Agency investigation found that the automakers overstated fuel economy ratings for 13 models, including popular models such as the Hyundai Elantra and Kia Sorento.
July 17, 2012 |
Retail gasoline prices in California rose for the first time in nine weeks, according to the Energy Department's weekly fuel price survey. The national average also rose modestly over the last week. In California, the average cost of a gallon of regular gasoline was $3.753 on Monday, up 0.2 cents since July 9. California prices were 4.7 cents a gallon below what they were a year earlier. The national average rose 1.6 cents to $3.427 a gallon, the Energy Department said. That's 25.5 cents below the average a year earlier.
April 11, 2013 |
Experts are saying American drivers, including Californians, can expect some of the lowest summer gasoline prices they have seen in three years. Some are predicting a steady decline in California gasoline prices to as low as $3.84 a gallon by August. This year, the Energy Department is expecting a national summertime average of about $3.63 for a gallon of regular gasoline. That would be the lowest in three years, down six cents from $3.69 a gallon a year ago and off 8 cents from the $3.71 average in 2011.
May 22, 2012 |
Retail gasoline prices fell in California and across much of the nation over the last week, while crude oil recovered a little of the previous weeks' losses. The average cost of a gallon of regular gasoline in California fell 3.1 cents to $4.336 a gallon, according to the Energy Department's weekly survey of fuel prices, released Monday. That followed two weeks of increases totaling 28.1 cents a gallon. Last year at this time, a gallon of regular gasoline in California was 12.1 cents cheaper.
October 10, 2012 |
For the fourth day in the row, California broke the state's record on gasoline prices, according to the AAA Fuel Gauge Report. The only good news, analysts said, was that the rise continued to lose momentum Tuesday. According to the AAA, the average price of a gallon of regular gasoline in California reached $4.671. That was an increase of just 0.3 cent overnight. The AAA price averages use-sales receipts collected daily from more than 100,000 retail outlets. "It's not over yet," said fuel price specialist Bob van der Valk about the unusual surge that left gasoline prices 48.9 cents higher than they were a week ago. California had the highest prices for gas in the nation, by far. Second place went to Hawaii, whose average for a gallon of regular was 26.4 cents less.