article thumbnail

Ethanol may be the loser amid cheap gas and an oil glut

Green Car Reports

As gas prices plummet toward the $2-per-gallon mark on a national level—with some regions already reporting $1 gas—forecasts are suggesting the bargain pump prices will last at least through the summer. The cheap gas, at a national-average $2.01

Cheap 165
article thumbnail

Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

Green Car Congress

I knew I wanted something for her that was cheap to maintain, had a reliable automatic transmission, came with cruise control, AC. The drive went well, there were some minor things the car needed but it had a full service history and when I asked for a 500-dollar-lower asking price than list price, the seller accepted.

2004 409
article thumbnail

Opinion: Here’s what will send oil prices back up again

Green Car Congress

Those claiming that oil will continue to fall from here and remain low for evermore, however, are flying in the face of both history and common sense. The question we should be asking ourselves is not if oil prices will recover, but when they will. Supply alone, however, doesn’t determine price.

article thumbnail

Oil is cheap, so Kuwait raised its own gas price to compensate

Green Car Reports

Cheap gasoline is good news for the economies of most countries, but not those that rely on oil exports. The sustained fall in global prices has led oil-producing countries to search for ways to keep their revenues up. In some cases, that means cutting back on cheap gas for their own citizens.

article thumbnail

Lux Research: despite cheap oil, niche plug-in vehicle sales will be resilient; conventional hybrids to be hardest hit

Green Car Congress

The current plunge in oil prices will likely negatively affect plug-in and hybrid vehicle sales in the short term; automakers such as BMW are already warning of lower sales of plug-in vehicles given the market context. Anticipated price of oil and forecast plug-in sales. Lux on the price of oil.

Plug-in 150
article thumbnail

The “Amazon Effect” Is Coming To Oil Markets

Green Car Congress

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. These are cheap computing with industrial-application capabilities; ubiquitous communication networks; and, of course, cloud tech.

Oil 150
article thumbnail

Never mind the cheap gas; survey points to strong interest in mpg

Green Car Reports

Conventional wisdom says low gas prices are poison to sales of fuel-efficient cars, but a new survey indicates that may not be the case. Despite average gas prices of less than $2.00

MPG 167