November 2, 2012 |
Hyundai and Kia overstated the fuel economy on more than one-third of the vehicles they sold in recent years, an embarrassing acknowledgment for two of the fastest-growing auto brands in the U.S. The South Korean automakers issued an apology and said they would give special debit cards to nearly a million owners to make up for the difference in the lower miles per gallon logged by the vehicles. The discrepancies were found by the Environmental Protection Agency, which began investigating after consumers complained.
November 1, 2012 |
WANTAGH, N.Y. -- Ever since the power came on at the gas station early Wednesday, Billy O'Mahoney has been taking calls from neighbors, customers, cousins and distant relatives all asking the same question: "You got gas?" The tanks went dry in four hours on Wednesday, two days after Hurricane Sandy swept through. The station's supply normally lasts two or three days. "It's like gold right now," said O'Mahoney, the service manager at the Wantagh Car Care Center in Wantagh, N.Y., about nine miles inland from communities on the south shore of Long Island that were hammered by Sandy.
October 30, 2012 |
California gasoline prices plummeted over the last week, helping drive down the U.S. average by more than 12 cents a gallon. But Hurricane Sandy was expected to kick retail prices higher in the Eastern U.S. - at least briefly - as refineries there shut down or reduced production as the storm approached. The average price for a gallon of regular gasoline in California on Monday was $4.169, down 26.3 cents compared with a week earlier, according to the Energy Department's survey of fuel prices.
October 22, 2012 |
The decline in California gasoline prices has accelerated in recent days, fuel surveys show, but hardly amounts to the relief from record fuel costs that most motorists would like to see. The state average reached $4.432 for a gallon of self-serve regular gasoline, the Energy Department said Monday. That was a decline of 19.1 cents in one week, according to the agency's survey of service stations. The week before, the average slipped less than 4 cents a gallon after reaching a record $4.659.
October 15, 2012 |
Gasoline prices in California are dribbling lower, with the average price slipping as much as a penny a day from record highs reached last week, fuel surveys show. "It's all rigged. They've got us over a barrel, literally," grumbled restaurant manager Jay Moss, who paid $4.99 a gallon Sunday at a Mobil station in Santa Monica. "It's down a little, but not much. I'm just tired of looking. " Although the slow pace of relief might be annoying to drivers, it's a familiar pattern to energy economists.
October 11, 2012 |
California's average gasoline price edged lower for the first time in more than a week, but analysts warned that any decline would be gradual partly because a section of the huge Chevron Corp. refinery in Northern California is expected to remain closed the rest of the year. Motorists in the state paid an average of $4.666 for a gallon of regular gasoline Wednesday, down half a cent overnight, according to AAA's daily survey of fuel prices. On Oct. 1, the day Exxon Mobil Corp.'s Torrance refinery went out of service temporarily because of a power outage, the average was $4.168.
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.
October 9, 2012
Re "State gas prices near record," Oct. 6 Here we go again. This time, however, spiking prices at the pump have nothing to do with the price of crude oil, which continues to decline. It's attributed to the emotional reaction of "fuel traders. " As the article attests, there is no gasoline shortage. The gasoline stored in stations' underground tanks did not magically increase in cost, but the price at the pump immediately skyrocketed. No one in the gasoline "food chain" has yet experienced any monetary hardship, except the consumer.
October 9, 2012 |
Record gasoline prices got you down? Honda thinks it has a deal for you. Honda is offering a $3,000 debit card good at Clean Energy natural gas filling stations with the purchase of a 2012 model year Civic Natural Gas vehicle. That is about three years' worth of fuel for most drivers at today's natural gas prices. PHOTOS: The top 10 gas misers There are about 40 Clean Energy filling stations in Southern California and about 160 nationwide. Southern California Gas Co. and San Diego Gas and Electric Co. operate another dozen stations in the region, but the debit card isn't good at those facilities.
October 8, 2012 |
Gov. Jerry Brown intervened in the unrelenting climb of gasoline prices by calling for the immediate release of a cheaper, but less environmentally friendly, blend of gasoline. Brown directed the California Air Resources Board on Sunday to permit oil companies to start selling winter-blend gasoline, which evaporates more quickly in warm weather than the summer blend. Normally, winter blend isn't permitted to be released until Oct. 31. The air resources board will follow the governor's direction and tell refineries and importers that they can start selling the cheaper gasoline right away, said Stanley Young, a spokesman for the agency.