The Obama administration says that proposed higher fuel economy standards can be expected to increase vehicle prices about $2000 but that owners will save an average of $6,600 in fuel costs over the life of the vehicle.

In order to be as realistic as possible (see chart above), we made a slightly less rosy analysis but there are still real savings to be had with more fuel efficient vehicle…Read more

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The EPA and the National Highway Traffic Safety Administration are trying to give consumers the best information possible to understand the total costs of their new vehicle purchase, from fuel economy to environmental impact.
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Oil prices have rallied for two weeks, rising 12 percent as promising economic reports in the U.S. and troubles abroad pushed money into energy commodities. A refinery strike in France and general unease surrounding Iran’s nuclear posturings helped push up crude futures. Other petroleum futures were up for the fourth consecutive day. Read more…

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Prices for gasoline continue to drop at the pump, but will the price of a gallon of gas remain steady over the next year? Oil analysts say the current trend of lower prices simply reflect the weak fundamentals of the world oil markets.
The demand for petroleum products dropped sharply this year as American and European [...]

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