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Posts Tagged ‘gallon’

2012 Set Record For Most Expensive Gas In US

January 1st, 2013 01:50 admin View Comments

Transportation

An anonymous reader writes “According to data from the American Automobile Association, the average price for a gallon of gas in the U.S. was higher in 2012 than in any year before it. Nationwide, gas averaged $3.60/gallon, up from $3.51/gallon in 2011. ‘The states with the most expensive annual averages for 2012 included Hawaii ($4.31), Alaska ($4.09), California ($4.03), New York ($3.90) and Connecticut ($3.90). The states with the least-expensive annual averages included South Carolina ($3.35), Missouri ($3.38), Mississippi ($3.39), Tennessee ($3.40) and Oklahoma ($3.41). The highest daily statewide average of the year was $4.67 in Calif. on Oct. 9, while the lowest daily statewide average was $2.91 a gallon in South Carolina on July 3.’ Bloomberg reports that fuel consumption is down 3.6% compared to last year, while U.S. oil production reached almost 7 million barrels a day recently, a level that hasn’t been reached since 1993. AAA predicts gas prices will be cheaper in 2013.”

Source: 2012 Set Record For Most Expensive Gas In US

White House Finalizes 54.5 MPG Fuel Efficiency Standard

August 28th, 2012 08:21 admin View Comments

Democrats

The Obama Administration announced today it has finalized new fuel efficiency standards that will require new cars and light-duty trucks to have an average efficiency of 54.5 miles per gallon by 2025. This adds to the requirement that 2016′s new cars must average 35.5 miles per gallon. “The final standards were developed by DOT’s National Highway Traffic Safety Administration (NHTSA) and EPA following extensive engagement with automakers, the United Auto Workers, consumer groups, environmental and energy experts, states, and the public. Last year, 13 major automakers, which together account for more than 90 percent of all vehicles sold in the United States, announced their support for the new standards.” According to the administration, the standards will reduce dependence on foreign oil, save money at the pump, protect the environment, and everything else that sounds good in an election year.

Source: White House Finalizes 54.5 MPG Fuel Efficiency Standard

Domestic Drilling Doesn’t Decrease Gasoline Prices

March 23rd, 2012 03:05 admin View Comments

Democrats

eldavojohn writes “As the political rhetoric heats up, there’s something puzzling about drilling inside the United States. Essentially, it doesn’t reduce what we pay at the pump. From the article, ‘A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump.’ If the promises that politicians made when they opened U.S. drilling were true, then we should be paying about $2 a gallon now. Instead it’s $4 a gallon. Minnesota Public Radio pulls some choice quotes from both parties and wonders why this decades-old empirical observation goes seemingly completely unnoticed.”

Source: Domestic Drilling Doesn’t Decrease Gasoline Prices

The Specter of Gasoline At $5 a Gallon

March 1st, 2012 03:49 admin View Comments

Transportation

Hugh Pickens writes “The NY Times reports that gas prices are already at record highs for the winter months — averaging $4.32 in California and $3.73 a gallon nationally and as summer approaches, demand for gasoline rises, typically pushing prices up around 20 cents a gallon, but gas prices could rise another 50 cents a gallon or more, analysts say, if the diplomatic and economic standoff over Iran’s nuclear ambitions escalates into military conflict or there is some other major supply disruption. ‘If we get some kind of explosion — like an Israeli attack or some local Iranian revolutionary guard decides to take matters in his own hands and attacks a tanker — than we’d see oil prices push up 20 to 25 percent higher and another 50 cents a gallon at the pump,’ says Michael C. Lynch, president of Strategic Energy and Economic Research. A sharp rise in the prices of oil and gas would crimp the nation’s budding economic recovery would cause big political problems at home for President Obama, who is already being attacked by Republican presidential candidates over gas prices and his overall energy policies. On the other hand, environmentalists see high gas prices as a helpful step toward the development of alternative energy. Secretary Treasury Steven Chu notably said in 2008 ‘we have to figure out how to boost the price of gasoline to the levels in Europe’ to make Americans trade in their ‘love affair with the automobile’ for a marriage to mass transit. In the meantime President Obama is in a bind because any success in tightening sanctions on Iran could squeeze global oil supplies, pushing up prices and causing serious economic repercussions at home and abroad.”

Source: The Specter of Gasoline At $5 a Gallon

Car Produced With a 3D Printer

November 2nd, 2010 11:24 admin View Comments

Lanxon writes “A prototype for an electric vehicle – code named Urbee – is the first to have its entire body built with a 3D printer, reports Wired. Stratasys and Winnipeg engineering group Kor Ecologic have partnered to create the electric/liquid fuel hybrid, which can deliver more than 200 miles per gallon on the motorway and 100 miles per gallon in the city.”

Source: Car Produced With a 3D Printer