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MIT/UC Davis professors challenge claims that ethanol production decreased gasoline prices in 2010 and 2011

Green Car Congress

Knittel/Smith results for implied gasoline price effects from elimination of ethanol for 2010 using Du/Hayes model and pooled-sample estimates. in 2010 and 2011, respectively. in 2010 and 2011, respectively. We encourage similar skepticism about the estimated effect of ethanol on gasoline prices generated from these models.

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Oil Majors’ Costs Have Risen 66% Since 2011

Green Car Congress

Oil prices have stabilized and the cost cutting measures implemented over the past three years should allow companies to turn a profit even though crude trades for about half of what it did back in 2014. That allowed them to successfully lower their breakeven price for oil projects. per barrel, rising to $36.50.

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DOE updates eGallon prices; Sec’y Moniz highlights growth of PEV sales

Green Car Congress

Ernest Moniz highlighted the continued growth of plug-in electric vehicle (PEV)sales—more than doubling in the first 6 months of 2013 to 40,000 units compared to the same period in 2012—as the US Department of Energy (DOE) released its most recent pricing data showing the low cost of fueling on electricity. from $1.14

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Volkswagen ending production of US Passat; Chattanooga to pick up ID.4 production next year

Green Car Congress

Pure White models with Mauro Brown interior will number 524 units, signifying the opening date of the Chattanooga Plant on May 24, 2011. Inside, Limited Edition models will bear unique seat tags featuring “1 of 1973” on one side and “Chattanooga 2011” on the other. The Aurora Red Metallic exterior color option is an additional $395.

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DOE awards $56M to 21 concentrating solar power projects; $8M for reducing soft costs of rooftop PV systems

Green Car Congress

DOE also announced the “America’s Most Affordable Rooftop Solar” competition to aggressively drive down the cost of rooftop solar energy system as well as $8 million in awards to nine small businesses to lower the cost of financing, permitting, and other “soft costs,” which can amount to nearly half the cost of residential solar systems.

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EIA: natural gas use for power falls as industrial use continues to rise; higher prices, cooler summer

Green Car Congress

For the first eleven months of 2013, natural gas consumption in the electric power sector was below 2012 levels because of relatively higher natural gas prices compared with coal prices, and cooler summer weather compared with 2012, according to the US Energy Information Administration (EIA).

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Ford poll finds Europeans want freedom of car ownership, but worry about traffic, cost of driving, environment

Green Car Congress

A new Ford Motor Company-sponsored poll of 6,000 people across Europe found that most Europeans remain committed to car ownership, but have growing concerns about traffic congestion, the cost of driving and the environment. In 2011, Ford Motor Company spent €4.1 The survey was carried out between July and August 2012. billion (US$5.2