Entries Tagged 'gas prices' ↓

How Low Will Gas Go?

The recent drop in crude oil prices has driven the cost of gasoline down to remarkably low levels across America. It’s a whole new era, with our country suddenly awash in relatively cheap oil. This couldn’t come at a better time for many families, with all that newly liberated cash finding its way into the holiday gift budget. The piggy bank’s been fracked and we all need new jumbo flat screen TVs, the latest video games and fuzzy blankets.

So how low will gas prices go? What’s really driving the price drop? Is it simply all of the oil flowing from the Bakken Shale or is there more at play? Will OPEC’s gamble pay off? Are we on the right path to American Energy Independence? How does this drop compare to previous drops? (See: Historical Price of Gasoline in America).

I shot a little in-car stream of consciousness video while driving Slambo this week. Please take a gander and tell us what you think in the comments …

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U.S. Diesel Policy: Taxation Without Representation?

While increasing the fuel efficiency of passenger vehicles is a stated goal of government of the United States of America, our appointed officials have allowed the perpetuation of a tax that penalizes the owners of certain vehicles. Although our government has put forth a great effort to encourage the adoption of vehicles that include some form of electrification, little has been done to due the same for clean diesel-powered vehicles. One could almost say that they’ve been discouraged.

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How Much Can You Save on Gas with a 40 MPG Car?

Ready for a change? How about some change in your pocket?

When you swap out of a gas guzzler and into a fuel efficient car you will be able to calculate the savings at the end of every month. It all starts with the amount of driving you need to do each week. Try keeping track, starting on Monday when you leave for work. Write down the mileage figure shown on your odometer or reset your trip meter. Then make note of it on the following Monday (or on Sunday, when you park your ride for the night).

Add two zeros to that number, then divide it in half. If you’ve driven 300 miles in a week, for example, you’d add the two zeros to make it 30,000, and chop it down the middle. Drive 300 miles per week for fifty weeks out of the year, you’ll roll up roughly 15,000 miles. Drive 400 and you can call it 20,000.

If you own a vehicle that gets an average of 15 miles per gallon on average and drive 15,000 miles per year, you’ll pay over $4,000 per year for gasoline, with gas at $4 per gallon. If you switch into a vehicle that gets an average of 40 miles per gallon, you will spend approximately $1,500 per year, for a savings of just over $2,500 per year. That’s a serious chunk of change and may be enough to cover a significant piece of your car payment.
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How High Will Gas Prices Climb This Time?

Hold onto you wallet. Gas prices have risen consistently over the last month, edging ever upward. Once again, California leads the nation into the abyss, with a state average of $4.203 per gallon, according to the Automobile Club of Southern California. While today’s prices are still below the records set last fall, we’ll see those historic numbers eclipsed if the rise is unabated. In all likelihood, it won’t be long until that happens, as prices typically rise into the summer driving season, when demand peaks.

So what’s pushing the roller-coaster up hill this time?
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Gas Prices Explained

The movement of gasoline prices over time is a tricky topic for many to understand. While there are those who would pin the causes on any number of usual suspects, one pundit will surely disagree with the next as to the root of the problem.

Animator Omid Malekan takes a simple approach to the subject, using two bears and a straightforward chart that shows – with little doubt – a clear connection between the price of gas in America and stock prices. No stranger to economics, Omid’s popular videos tackle a range of topics, including the European Economic Crisis, Inflation, the Bank Bailouts, and the Federal Reserve. In short, it’s all about the markets and money supply.

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