Gas Prices

A fire yesterday evening in a refinery critical to providing special California gasoline blends may boost gas prices in the state substantially. The blaze, first observed around 6:15 pm and brought under control five hours later, occurred in the Richmond refinery owned by Chevron [NYSE:CVX]. The...

Conventional wisdom says that when gas prices rise, demand falls--and vice versa. Except that's not what's happening right now, as TheCarConnection noted a few days ago, pointing to data published in the Detroit Free Press. The newspaper noted that retail demand for gasoline is down almost 5...

The numbers came in this morning, and gas prices took a sharp drop, with the national average now at just $3.50 per gallon. And they're expected to stay relatively flat through the summer, barring any surprises and geopolitical actions. That $3.50 average is s a drop of 7 cents in the last week...

Carmakers may continue to make their cars more fuel efficient year-on-year, but with those models selling in proportionally small numbers, actual gas mileage is climbing at a much slower rate. In fact, gas mileage in new cars actually fell in May, albeit by only 0.1 percent from April, to an...

Car buyers are notoriously fond of focusing only on the purchase price of new vehicles, without much thinking about the total cost of ownership. For electric cars that may cost twice or more what a similar-size gasoline vehicle does, that's a problem. Still, two separate pieces of evidence begin to...

With gas prices high, you'd expect people to buckle down and hang onto their existing cars rather than spending the money to buy new ones, right? Errrrrrr, actually not. According to Mike Jackson, the outspoken and always quotable CEO of AutoNation, buyers who've put off their new-car purchases are...

Any reader who's not driving a battery-electric car (and there are relatively few of you) may have noticed that gas prices have stopped rising, recently. They're even falling slightly--and, more important, the national average price is slightly cheaper this year ($3.84 per gallon) than it was at...

Fuel efficiency is making news headlines lately, with new-car sales achieving record high fuel-economy numbers in the U.S. (and in the U.K. as well). But a survey of car buyers last month by industry analyst AutoPacific seems to contradict the idea that high gas prices are leading buyers to change...

The laws of supply and demand are set to do their thing in the next few weeks. Fueled by rising gas prices, short supply and rising demand, the price of used fuel-efficient vehicles is set to rise. Jonathan Banks at NADA Used Car Guide has predicted that prices will approach record highs over the...

Never mind range anxiety - that's old news these days. Most electric car owners say it lasts about a week after buying the car, and then you learn what you can and can't do. Much more concerning is gas mileage anxiety, we think. What is gas mileage anxiety? Let us explain... Back in the day, you'd...

Over the past few months, gas prices have been creeping ever upward, fueled by political uncertainty in the Middle East and a reduction in U.S. oil refining capabilities. In California, a state traditionally plagued by high gas prices, a gallon of Regular now costs well over $4.50 at most gas...

If you do much in the way of driving, you’ll have probably noticed that your weekly fuel bill has been creeping ever higher over the last few months. A combination of factors, from the political uncertainty in the Middle East through to the closing of oil refineries in the U.S. and Europe...

Yesterday, as we were publishing our own basic guide to some of the costs you can expect from gasoline, diesel, electric, hybrid and plug-in hybrid vehicles, vehicle information resource Kelly Blue Book (KBB) released a similar list. Rather than comparing energy types, the KBB list shows you all...

Fleet managers are very, very rational people. Unlike many retail car buyers, they analyze vehicles without a shred of emotion, basing their decisions on lifetime ownership costs for vehicles that meet their needs. More and more, though, those fleet buyers are being asked to help reduce their...

It sounds like simple economics, because it is: If the cost of running your car increases, you're going to either use it less--not an option for some--or find a cheaper option. February vehicle sales rose by 15.7 percent last month, and many of those were for more compact and fuel-efficient...

Gas prices are rising. This we know, and it's something we can do very little about. The increased cost of accessing crude oil, and political instability in oil-controlling nations putting a squeeze on supply, means the consumer has to foot the bill. But as gas prices climb towards the $4 per...

As gas prices across the U.S. continue an upward march towards $5 per gallon, demand for Toyota Hybrids is now the highest it has been for nearly four years. On Thursday last week, Toyota reported that sales of all Prius brand hybrids -- including the new 2012 Toyota Prius V wagon -- were up 52...

Unless you don’t drive a gasoline-powered car, the chances are you’ve noticed the spike in gasoline prices lately. But according to the U.S. Secretary of Energy Dr. Steven Chu, the U.S. Department of Energy isn’t about to intervene with a knee-jerk reaction designed to immediately...

Over the past week or so, we’ve seen the average price of gasoline hit $3.60 per gallon of regular, with some areas of the country -- like California -- reaching a heady $4 a gallon. But while the Syrian uprising and political tensions between Iran and the West over its nuclear program are...

Unless you don’t own a car, or happen to drive an all-electric car, the chances are you’ll have noticed that gas prices have risen dramatically over the past few days. But as growing uncertainly in the Middle East -- not to mention the knock-on effects of a large gasoline refinery fire...