Prices at the pump got a little more painful over the past two weeks as crude oil continues to rise. Oil has risen as a weak economy and expectations of further action by the Federal Reserve drive the dollar down.
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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
The average price of regular gasoline jumped 8.23 cents in the last two weeks, fueled by a jump in crude oil prices.
The latest Lundberg Survey said that the price of a gallon of regular gasoline is now $2.77, The Associated Press reported.
San Francisco had the highest price of the cities surveyed, with a gallon of regular costing $3.08. Tucson, Ariz., had the lowest average…
Continue reading Gas Prices Rise 8 Cents, Fueled by Crude Oil Jump
Gas Prices Rise 8 Cents, Fueled by Crude Oil Jump originally appeared on DailyFinance on Mon, 11 Oct 2010 06:41:00.
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…