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Ford Rekindles Love Affair With SUVs, But Has It Learned The Lessons Of The Recession?
Thursday, October 5, 2017 - 12:44pm | 897Ford Motor Company (NYSE: F) revealed Tuesday its vision for the future of the company - indeed, for the future of how humans will interact with vehicles in general. It's a conversation the company is keen to be a part of, along with other old school automakers like General Motors Company (NYSE...
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Analyst: Oil Will Sink By 2040 When Electric Vehicles Dominate
Tuesday, September 12, 2017 - 3:56pm | 579The auto industry is on the road to revolution. Bernstein gives 30 years before electric batteries replace internal combustion engines as the on-road standard. Loup Ventures bets on 20. The timeline is in dispute, but analysts agree on one thing: sooner or later, change will come. And when it does...
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One Reason Trump May Not Ban Oil From Brutalized Venezuela? US Gas Prices Would Shoot Up
Wednesday, August 2, 2017 - 2:24pm | 664Here’s one reason President Donald Trump hasn’t hit Venezuelan ruler Nicolas Maduro where it would hurt the most: banning the supplier of 10 percent of America’s oil would cause gas prices to skyrocket, further eroding the president’s popularity. Philip Verleger, an energy...
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How Much Of A Spending Boost Are Cheap Gas Prices?
Friday, June 30, 2017 - 3:23pm | 764Gas prices, despite the historical norm of rising amid the summer driving season, is trending lower. From a consumer perspective, it is definitely good news, as it would pinch their pocket less and in turn leave them with additional disposable income. The promise it holds for consumer spending...
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Planning To Travel This Holiday Weekend? Gas Price Forecast Is Mostly Clear
Tuesday, June 27, 2017 - 2:13pm | 353Good news for everyone looking to take a road trip next weekend! Gas prices ahead of the July 4 holiday weekend are expected to be the lowest since 2005, according to GasBuddy. Motorists will pay an average of $2.21 per gallon, which is notably below the 10-year average for the July 4 holiday...
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This Might Be The Cheapest Summer At The Gas Pump In 12 Years
Friday, June 9, 2017 - 1:24pm | 468Ready for some good news ahead of the summer months? Road trips will be a bit more affordable this summer as gas prices are on track to be the cheapest since 2005, according to GasBuddy. The national average price for one gallon of gas is now cheaper on a year-over-year basis, standing at $2.35 per...
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Mondays Are In Fact Good For Something: Gas Prices Are Usually Lower
Wednesday, April 26, 2017 - 2:07pm | 694When the needle nears E, motorists begin their quest for the best gas prices. However, proximity and pricing aren't the only factors in snagging the most gas at the pump for your buck: The day of the week may also play a role. GasBuddy, a price comparison website that provides data on current...
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Motorists Spend $198 Million Daily On Gasoline Tax
Tuesday, April 18, 2017 - 2:32pm | 283Most people assume that April 15 is "Tax Day," but the sad reality is every day is tax day, at least according to GasBuddy. GasBuddy's senior petroleum analyst Patrick DeHaan stated in a press release that the average American will spend $297 on gasoline taxes this year. This tax is often forgotten...
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Analyst: So Long, Cheap(er) Gas Prices
Monday, April 10, 2017 - 9:07am | 386Gas prices bottomed near November of 2015 when the national average dipped below $2 per gallon. While the price of gas has since rebounded, it is still cheaper compared to 2008 when a gas crisis pushed the average price of gas above $4 per gallon. Consumers looking to take advantage of the cheaper...
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Despite Low Gas Prices, Americans Are Overpaying At The Pump
Wednesday, March 29, 2017 - 3:05pm | 334This week, GasBuddy reported that the U.S. national average gas price dropped for the third consecutive week this week, reaching $2.28/gal on Monday. While U.S. drivers are certainly cheering lower prices, GasBuddy has found that lower gas prices actually increase the chances of overpaying at the...
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Here's How Gas Prices Have Looked On The Last 5 Inauguration Days
Friday, January 20, 2017 - 2:41pm | 284With President Donald Trump having officially taken office, Friday’s event will mark the first Inauguration Day since 2001 on which Americans are paying less at the pump than they were on the previous Inauguration Day. According to GasBuddy, the national average gas price currently sits at $2...
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As Average Price Reaches $2.49 This Year, Drivers Will See Highest Gas Prices Since 2014
Wednesday, January 4, 2017 - 11:59am | 357The OPEC production cut agreement capped off a constructive year for the global oil & gas industry in 2016. After dipping below $30/bbl in early 2016, WTI crude oil prices now seem to be stabilizing above $50/bbl. That’s certainly good news for American oil & gas industry workers....
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Gratefulness Multiplies As Thanksgiving Gas Prices To Ease To Third Lowest In Decade
Monday, November 21, 2016 - 10:54am | 639There might be cheer for those who are preparing to be on the road for Thanksgiving. Gas prices may pinch their pockets less this year, leaving them with more disposable income to splurge on spending related to the occasion. Adding To Consumer Cheer This is an added premium over the better...
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Natural Gas Prices Continue To Climb Despite Hurricane Matthew Downgrade
Monday, October 10, 2016 - 4:07pm | 494Natural gas prices are on a tear, following up on last week's strong advance. Prices have been higher for five straight sessions and are now at their highest level in about 22 months. The front-month natural gas futures are currently at $3.265 per million British thermal units on the NYMEX. This...
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Hurricanes And Power Outages Unlikely To Stop Rising Natural Gas Prices
Saturday, October 8, 2016 - 5:39pm | 430Johnson Rice analyst John Rowan doesn’t believe Hurricane Matthew will have any lasting impact on natural gas prices, which have been on fire since bottoming back in March. On Friday, Rowan told Benzinga that he’s as bullish as ever on gas prices in the wake of Matthew. Rowan explained...