Light crude oil prices have been climbing in the last few days, closing the week at $88.94 per barrel on the NYMEX. If prices climb high enough, it could damage the still-weak economy by raising the costs of gasoline, jet fuel …
Strikers in France shut down refineries that ship gasoline to U.S. East Coast, and the proportion of corn-based ethanol the government will allow in gasoline is rising from 10% to 15%.
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The government will raise the limit on ethanol concentration in gasoline for some cars.
The Environmental Protection Agency will raise the limit to as much as 15%, from the current 10%, for vehicles made in 2007 or later, Bloomberg News said without naming its sources.
Ethanol producers have been pushing for a higher limit, while a coalition of groups including automakers,…
Continue reading EPA to Raise Limit on Ethanol Concentration in Gasoline
EPA to Raise Limit on Ethanol Concentration in Gasoline originally appeared on DailyFinance on Wed, 13 Oct 2010 08:43:00.
Filed Under: Energy, Company News, Technology, Green, Taxes, Autos
Penske Automotive Group (PAG), a chain of car dealerships, reached an agreement with Japan’s Nissan Motors (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name.
Penske hopes that adding the Nissan-made car, a four-doo…