Global Demand, Limited Surplus Among Causes of Price Hikes
WASHINGTON, D.C. --- What factors have caused the price of West Texas Intermediate to climb from $20 to $30 per barrel in 2000-2002 to more than $70 per barrel in the past couple of weeks?
WASHINGTON, D.C. --- What factors have caused the price of West Texas Intermediate to climb from $20 to $30 per barrel in 2000-2002 to more than $70 per barrel in the past couple of weeks?
WASHINGTON, D.C. --- The House of Representatives on Wednesday approved a set of criminal penalties and fines of up to $150 million for energy companies found guilty of price gouging, the AP reported.
WASHINGTON, D.C. --- The U.S. average retail price for regular gasoline edged up half-a-cent last week to reach $2.919 per gallon as of May 1, the Energy Department reported. That's 68.4 cents per gallon higher than last year.
MIAMI – Ryder System, Inc., a global provider of supply chain, warehousing, and transportation management solutions, announced that Lear Corp., a supplier of automotive interior systems and components, has selected Ryder as its third-party logistics (3PL) provider for North America.
AUBURN HILLS, MI – Several companies will soon offer services and products for converting hybrid cars into plug-in hybrids that rely more heavily on electrical power and can get about 100 miles per gallon. Plug-in hybrids generally have larger battery packs than standard hybrids and smaller gas motors.
DEARBORN, MI – With gas prices on the minds of all drivers, hybrids are playing an increasing role in the marketplace, producing the best-ever monthly sales for Ford Motor Company's hybrid vehicles.
VIENNA, AUSTRIA – General Motors Corp., DaimlerChrysler, and the BMW Group will begin production next year on their jointly developed, state-of-the-art hybrid system, representing an automotive industry milestone. This will be the first fully integrated combination of electric motors with a fixed-gear transmission, according to the automakers.
WASHINGTON, D.C. – The Jeep Commander and Jeep Grand Cherokee, which are engineered to operate on ethanol fuel, will be available to U.S. customers as part of DaimlerChrysler's lineup of alternate-fuel vehicles in 2007.
WASHINGTON, D.C. --- During an appearance on NBC's “Meet the Press,” Energy Secretary Samuel W. Bodman said that the nation's oil price crisis stems from growing demand from such countries as China and India.
TOKYO --- Reuters reported that Toyota Motor Corp. plans to begin selling ethanol-powered vehicles in the U.S. by 2008.
TRENTON, N.J. --- In response to soaring gasoline prices, New Jersey Gov. Jon Corzine is urging state legislators to approve a pilot program that permits self-service stations to operate in the state for the first time since 1949, Bloomberg reported.
AUBURN HILLS, Mich. --- Since 1998, DaimlerChrysler has sold nearly 1.5 million flexible-fuel vehicles (FFVs) designed to run on E-85 fuel. Beginning with the 2008-model year, DaimlerChrysler will produce nearly 500,000 FFVs per year for sale in the United States.
WASHINGTON, D.C. --- In response to public outcry over high gasoline prices, Senate Republicans yesterday proposed a $100 gasoline rebate check for millions of taxpayers.
WASHINGTON, D.C. --- President Bush today criticized calls in Congress for a tax on oil company windfall profits.
WASHINGTON, D.C. --- The Senate Finance Committee on Wednesday announced plans to study tax records from the 15 largest oil companies to ensure they are complying with the law.
WEX Inc. moved its headquarters to the waterfront of Portland, Maine, in March, as the company entered a growth phase that has included three acquisitions this year.
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