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April 21, 2008

Retail Gas Averages $3.50 Monday

NEW YORK --- Retail gas prices reached another new milestone Monday, April 21, averaging $3.50 a gallon, according to AAA and the Oil Price Information Service.

Tags: gasoline prices, oil prices, OPEC

April 16, 2008

U.S. Gasoline Prices Highest Ever

WASHINGTON, D.C. --- For the third consecutive week, the U.S. average retail price for regular gasoline moved higher, setting another all-time record of $3.389 per gallon, the Energy Department reported April 16.

Tags: EIA, gasoline prices

April 14, 2008

Small Business Owners Call for Gas Price Controls

WASHINGTON, D.C. --- During a House Small Business Committee hearing April 9, a number of small business owners testified that high gas prices are forcing entrepreneurs to downsize, cut employee benefits, or even consider bankruptcy.

Tags: gasoline prices, House Small Business Committee

April 11, 2008

Gasoline Prices Reach Record Highs

WASHINGTON, D.C. --- For the second week in a row, the U.S. average retail price for regular gasoline moved higher, setting another all-time record of $3.332 per gallon, according to the Energy Department's Energy Information Administration.

Tags: diesel prices, EIA, gasoline prices

April 7, 2008

Crude Oil Passes $107 in Today's Trading

NEW YORK --- Crude oil prices climbed on the New York Mercantile Exchange today, despite signs that the dollar is gaining strength, United Press International reported.

Tags: gasoline prices, oil prices

April 2, 2008

U.S. Gasoline Prices Soar to New Record High

WASHINGTON, D.C. --- Reversing the drop of last week, the U.S. average retail price for regular gasoline rose by 3.1 cents to reach a new all-time high of $3.290 per gallon, surpassing the previous high set two weeks earlier, the Energy Department reported.

Tags: diesel prices, Energy Department, gasoline prices

March 30, 2008

U.S. Gasoline Prices Show Small Decline

WASHINGTON, D.C. --- For the first time since Feb. 11, the U.S. average retail price for regular gasoline fell this past week.

Tags: diesel prices, Energy Department, gasoline prices

March 22, 2008

Gasoline, Diesel Prices Continue to Climb

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline this past week increased by 5.9 cents to hit a new high of $3.284 per gallon, up 70.7 cents above the price last year.

Tags: diesel prices, gasoline prices

March 14, 2008

U.S. Gasoline Highest Price in History

WASHINGTON, D.C. --- Gasoline prices this week rose in all regions of the country, with the U.S. average retail price reaching its highest point in history, $3.225 per gallon, the Energy Department reported.

Tags: EIA, gasoline prices

March 14, 2008

Government Expects Average Gas Price to Peak at $3.50 in May, June

WASHINGTON, D.C. --- The Energy Department has projected that the U.S. monthly average retail regular gasoline price will peak near $3.50 per gallon in May and June.

Tags: EIA, Energy Dept., gasoline prices

March 12, 2008

Crude Oil Price Passes $110 Mark

NEW YORK --- Gasoline and oil prices continued their record-setting pace today, with the national average price of regular gasoline at nearly $3.25 a gallon and the price of oil on the futures market surpassing the $110-a-barrel mark.

Tags: gasoline prices, oil prices

March 10, 2008

San Francisco Has Highest Prices at Pump, Cheyenne Has Lowest

ARCATA, Calif. --- The latest Lundberg Survey found that gas prices rose more than 9 cents over the past two weeks, resulting in a national average of $3.20 per gallon for self-serve regular, CNNMoney.com reported.

Tags: gasoline prices

March 7, 2008

West Coast Gasoline Highest Price in History

WASHINGTON, D.C. --- The national average retail price for regular gasoline rose 3.2 cents to reach $3.162 per gallon, as of March 3.

Tags: diesel prices, gasoline prices

March 5, 2008

California Prices at Pump Hit Record Highs

SAN JOSE, Calif. --- Average gasoline prices reached record highs for the state of California and in the South Bay on Tuesday, according to AAA surveys.

Tags: gasoline prices

March 3, 2008

L.A. Sees 16.9-Cent Rise in Gasoline Prices in One Week

LOS ANGELES --- Price increases at Southern California gas pumps came fast and furious this past week in an earlier-than-usual spring price run-up, according to the Automobile Club of Southern California's Weekend Gas Watch.

Tags: AAA, gasoline prices

March 3, 2008

Gasoline, Diesel Prices Continue to Surge Nationwide

WASHINGTON, D.C. --- Gasoline prices have continued their upward climb, increasing in all regions of the U.S., the Energy Department's Energy Information Administration (EIA) reported last week.

Tags: diesel prices, gasoline prices

February 25, 2008

Average Gasoline Price Jumps to $3.04 a Gallon

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline jumped 8.2 cents to $3.042 per gallon as of Feb. 18 --- the highest price since Jan. 14 and 74.6 cents higher than the price a year ago.

Tags: Energy Department, gasoline prices

February 20, 2008

Retail Gasoline Price Drops 1.8 Cents

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline slipped 1.8 cents lower to $2.96 cents per gallon as of Feb. 11 -- the lowest price since late October and 71.9 cents higher than the price a year ago.

Tags: gasoline prices

February 11, 2008

Average Gasoline Price Inches Up to Nearly $2.98

WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline edged higher after three weeks of falling prices, reaching $2.978 per gallon as of Feb. 4.

Tags: diesel prices, gasoline prices

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Rising Commodity Prices Threaten to Increase Truck Prices

By Mike Antich
The high cost of raw materials, in addition to the high cost of fuel, is starting to make a financial impact on fleets by increasing costs for truck chassis, bodies, trailers, liftgates, and other upfit equipment. On July 9, Navistar announced that rising commodity costs have forced the company to increase prices of International truck models. Is this another in a series of commodity-related price increases that we will see from other OEMs, upfitters, and trailer manufacturers?

Bleak New-Vehicle Sales to Usher a Strong Used-Vehicle Market

By Mike Antich
Today's new-vehicle market will generate (ultimately) the used-vehicle market of tomorrow. If there is a decrease in new-vehicle sales, there will be a corresponding decrease in the future number of used vehicles in the marketplace. Even though there is a lot of nervousness in the market, no one is anticipating a dramatic decrease in new-vehicle commercial fleet orders for the 2009 model-year. However, the same cannot be said for the retail new-vehicle market.

A Perfect Storm Pummels Truck Resale Values

By Mike Antich

Will High Demand for 4-Cylinder Engines Increase OTD?

By Mike Antich

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