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Retail gasoline prices dropped for the 34th consecutive day on Tuesday, hitting a summer low of $3.73 per gallon. Since reaching an all-time high of $4.11 per gallon in July, prices have fallen by more than 9 percent, reflecting a cool-down in crude oil speculation and lower than expected demand during the summer driving months. […]

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Kicking off what campaign advisors have dubbed “energy week,” Barack Obama today called for an “end to the age of oil in our time.” He backed up his trademark optimism with the most dramatic auto technology proposals of the 2008 campaign cycle. Obama said he hopes to see 1 million plug-in hybrid and electric vehicles […]

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Speaking at the Plug-in 2008 conference in San Jose, Calif., Andy Grove, former Chairman & CEO, Intel Corporation, added his voice to the chorus of government and business leaders calling for the rapid development and deployment of large numbers of plug-in hybrids. Grove called the current energy situation a “clear and present danger” to the […]

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Former Vice President Al Gore wants the United States to shift its entire electricity sector to carbon-free power within 10 years—and use that power to fuel a new fleet of electric vehicles. Gore challenged “all Americans in every walk of life” to support his ambitious plan, which he compared to President John F. Kennedy’s 1961 […]

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In a speech at Fresno State University, Republican presidential candidate John McCain outlined a series of new proposals for dealing with the energy and environmental crises that are especially important to California voters. In some parts of the state, the price of a gallon of gas has already hit five dollars, and McCain’s recent decision […]

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Even though the average gas price rose above four dollars last week—a week in which it typically declines from Memorial Day’s yearly highs—rising crude costs threaten to drive prices even higher by the end of the summer. Certain events like a hurricane or other natural disaster damaging refinery capacity, or a further instability in the […]

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Four-dollar gasoline hasn’t just kept new trucks and SUVs on dealership lots. It’s also made it more difficult to unload used gas-guzzlers. Meanwhile, hybrids are quickly becoming the hottest vehicles in the used market. “Gas prices and the impacts on the resale value are the number one issues we’re dealing with,” said James Clark, editorial […]

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General Motors CEO, Richard Wagoner, announced today that the company will shut down four North American plants in a move designed to shift production away from pickups and SUVs, toward smaller, more fuel-efficient vehicles. Wagoner said that the plan comes in response to a rapid change in consumer behavior tied to rising fuel costs, a […]

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President Bush visited Saudi Arabia on Thursday to beg the leader of the world’s leading oil-producing nation to open the spigots—in an attempt to provide price relief at the gas pumps back home. But days before he arrived, Bush himself characterized the act as an empty gesture. “When you analyze the capacity for countries to […]

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Oil prices continue to surge to new records. A barrel of light sweet crude peaked above $123 on Wednesday. Gasoline is selling at a national average of about $3.60 a gallon, according to AAA. And according to the Energy Department, prices at the pump will surpass $4 a gallon this summer. This is all old […]

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