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High Gas Prices Are Good for Detroit
 High Gas Prices
 Are Good for Detroit 
ANALYSIS

High Gas Prices Are Good for Detroit

Demand rising for electric alternatives, so makers, legislators must seize moment

(Newser) - Sky-high gas prices are finally pushing top US auto-makers to turn out fuel-efficient vehicles, and both Detroit and Washington should keep the pedal down to make a permanent change in how, and what, Americans drive, the US top car salesman tells the Wall Street Journal. "You have to tell...

Gas Prices Drive Americans Off the Road

Motoring takes record drop: 11B fewer miles in March

(Newser) - The summer driving season that kicked off over Memorial Day weekend will see significantly fewer Americans hitting the road, reports CNN: Figures from March released yesterday show the biggest decline in driving since the federal government began keeping records in 1942—down 4.3% or 11 billion miles from last...

Hybrid Owners Put the Pedal to Fuel Efficiency

Prius' real-time feedback alters driving habits to max MPGs

(Newser) - Leaving the bad old days of drag-racing in the dust, greenies are now engaging in their own race for fuel efficiency, reports the Washington Post. With hybrid vehicles such as the Toyota Prius giving up-to-the-second feedback on just how much gas passing that little old lady in the right lane...

As Gas Spikes, Profit Scarce for Station Owners

Oil giants like Exxon hike prices, raise rents, covet every penny

(Newser) - Feeling sorry for gas station owners might be more than the average consumer can muster these days, but, reports the Washington Post, the emotion might not be misguided. Oil giants like Exxon cut owners' profit margins and raise rents, while micromanaging details down to which shelf franchisees place soda on....

Buy Car, Get Gun Free
 Buy Car, Get Gun Free 

Buy Car, Get Gun Free

Have gun, will travel: Dealer offers pistol bonus

(Newser) - Sales have shot up at a Missouri car dealership with a novel new promotion, reports the BBC. Anybody buying a new car at Max Motors before the end of the month gets a $250 gas card—or a gun. The "God, Guns and Gas" deal was inspired by Barack...

US Can Drive 55—and Should, Greens Say

Call to lower limit claims better mileage, lower emissions

(Newser) - Escalating fuel prices and fear of global warming are rekindling debate over the nation's maximum speed limit—and environmentalists are urging Congress to slow the US back down to 55 mph, Wired reports. Advocates say going back to the speed limit set during the oil crunch of the 1970s will...

Prius: 1M and Counting
 Prius: 1M and Counting 

Prius: 1M and Counting

Toyota hybrid's sales into seven digits, and company sees no slowdown

(Newser) - The Toyota Prius is a now 1 million units strong, and the landmark gas-electric hybrid, introduced in 1997, is poised to keep growing, the AP reports. Toyota said today it expects to be selling a million a year by sometime after 2010; what’s more, the company claims 4.5...

Old-School Pumps Can't Register New Gas Prices

Mechanical dials can't register prices over $4

(Newser) - With gas at nearly $4 a gallon, thousands of American gas station owners foresee trouble—because their old-time pumps can't price gas at higher than $3.99. "In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these...

Motorists Brake for Fuel Prices

Drivers try to get savings any way they can, even if it means slowing down

(Newser) - It’s common knowledge that driving a little slower makes more efficient use of gas. And with fuel prices sky-high, some drivers are actually throttling back in hopes of feeling less pain at the pump, the AP reports. Vacation drivers and truckers alike are heeding experts’ advice that cars are...

Fill 'Er Up— In Your Own Back Yard

Distiller could home-brew ethanol for as little as $1 a gallon

(Newser) - Backyard brew may soon ease the pain at the gas pump if two entrepreneurs pushing a home ethanol system have their way, reports the New York Times. E-Fuel Corporation's device is roughly the size of a stackable washer-dryer and will sell for about $10,000. Using sugar or feedstock and...

Cars Must Get 35.7mpg by 2015
Cars Must
Get 35.7mpg
by 2015

Cars Must Get 35.7mpg by 2015

Feds toughen fuel standards by 25%

(Newser) - Cars will have to get 35.7 miles per gallon by 2015, and trucks will have to get 28.6 under new standards issued by the federal government today. That means a combined average of 31.6mpg, an increase of 25% from current standards, CNN reports. The feds require automakers...

Car Talk Bros Get Animated, Dis Gas-Guzzling Heaps

Click and Clack to star in PBS cartoon, pessimistic Nova episode

(Newser) - NPR’s chuckling Car Talk guys Tom and Ray Magliozzi are about to become even more animated—with a new cartoon series of themselves on PBS. But their view on the heaps they've helped drivers patch up for the past 30 years isn't so funny, Newsweek reports. Click and Clack's...

Stocks Seesaw, Close Down
 Stocks Seesaw, Close Down 
MARKETS

Stocks Seesaw, Close Down

Investors hold their breath for coming Q1 earnings reports

(Newser) - Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82,...

Gas-Guzzlers Will Cost Londoners $50 a Day

Mayor's move sparks outrage, applause

(Newser) - In a move to make drivers of gas-guzzlers “pay for the environmental damage they cause,” London’s mayor is imposing a CO2 charge: beginning in October, every private vehicle driven in the central city that doesn’t meet tough emissions standards will cost its owners $50 a day,...

Wowie! Maui Gas Hits $4
Wowie! Maui Gas Hits $4 

Wowie! Maui Gas Hits $4

Hawaii is especially hard hit by rising oil prices

(Newser) - The price of gas in the US hit another record this morning of $3.28 a gallon, CNN reports, but at least one part of the nation thinks that would be a great bargain. On Maui, $4 gas has already arrived in many places, and the island is on the...

Biofuels Will Add to Heating Climate, Studies Say

Land likely to be used for production is already helping absorb carbon

(Newser) - Biofuels could hurt Earth more than help it, two new studies conclude. Over 30 years, argues one, corn-based ethanol would spout twice the greenhouse gas of regular gasoline; the other notes environmental damage likely to be wreaked by chopping rainforests and other areas for production, the Washington Post reports. The...

US Drilling Deals Spark New Fears for Polar Bears

Oils companies to explore frozen seas

(Newser) - The US government has announced $2.7 billion in winning bids for oil drilling rights in 2.8 million acres of Alaska's frozen Chukchi Sea, despite angry objections of lawmakers and environmentalists. The bids include a record $105 million offer from Shell for a single 9-square-mile tract. Environmental groups say...

Brits Debate Eco-Wisdom of Biofuels
Brits Debate Eco-Wisdom
of Biofuels

Brits Debate Eco-Wisdom of Biofuels

Oil substitute may destroy rainforests, increase food prices

(Newser) - Biofuels may actually exacerbate the environmental problems they were meant to allay, reports the Observer, and a UK Parliamentary committee has released a report examining the possible effects. Using fuel made from crops like tallow and rapeseed may actually worsen greenhouse gas emissions, kill rainforests, and drive up food prices...

Florida Chemical Blast Kills 4
Florida Chemical Blast Kills 4

Florida Chemical Blast Kills 4

Plant explosion injures more than 20

(Newser) - An explosion at a Florida chemical plant today left four people dead and up to 21 others injured in a scene several witnesses likened to a war zone, the Florida Times-Union reports. The Jacksonville blast occurred around 1:30pm and sent billows of smoke into the sky. “Those shock...

30K Americans Ordered... This?
30K Americans Ordered... This?

30K Americans Ordered... This?

Daimler's new fuel-savvy car in high demand before 2008 release

(Newser) - American orders for a new fuel-smart car are already swamping its German manufacturer, the AFP reports. Some 30,000 Americans have already put down $99 on Daimler's Smart Fortwo in anticipation of its January arrival—but some analysts say the tiny two-seater will end up parked in a country that...

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