Although US oil production has increased to 16.8 million barrels of crude per day, gas prices are projected to stay static in the near future. The volume of oil may be high, but experts say the growth of overall global demand is just as high, if not higher.
Electric car owners today pay for electricity at equivalent of about 75 cents per gallon. 25 utilities in 14 states currently offer electricity rates tailored towards electric vehicle owners, according to a study by the Northeast Group.
Gas prices in the US have fallen to the lowest level in 100 days, and drivers have strong US energy production to thank. Analysts say the domestic oil boom is softening the impact that turmoil in Iraq and Ukraine would otherwise have on prices at the pump.
Congress needs to start being realistic and serious about the future of the Highway Trust Fund, writes Howard Gleckman. Although the Highway Trust Fund worked in the past, it is time for a long-term solution – not just pension smoothing and other gimmicks.
Madrid is using 'smart' parking meters in which drivers enter their license plate number to verify the model and make of the car. If someone drives a diesel or a less fuel efficient car in Madrid, then the driver is charged 20 percent extra to park.
If Congress doesn't come up with a plan soon to replenish the Highway Trust Fund, states can expect rationing this summer, Transportation Secretary Anthony Foxx said Tuesday.
Global gas prices are more connected now more than ever. What does this mean for each country's own gas prices?