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Future Ford F-150 MPG, Electric Motorcycle Guide, 5-Cent Gasoline: Today's Car News

Green Car Reports

Today on Green Car Reports: We look at what could raise fuel efficiency in the next Ford F-150 pickup truck, we run down electric motorcycle options this year, and cheer the passing of Venezuela''s soon-to-vanish gas price: 5 cents per gallon. All this and more on Green Car Reports.

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EIA: Top 5 US crude oil suppliers account for 72% of total crude imports; highest proportion since 1997

Green Car Congress

Crude oil imports from the top five foreign suppliers to the United States—which in 2012 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq, in that order—accounted for almost 72% of total US net crude oil imports, the highest proportion since 1997, according to the US Energy Information Administration (EIA).

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CITGO to pay $737K penalty and implement pollution abatement projects at two refineries

Green Car Congress

EPA further alleged that CITGO failed to sample and test reformulated gasoline blendstock at its Lemont refinery, as required by the CAA. an indirect, wholly-owned subsidiary of PetrĂ³leos de Venezuela, S.A. PDVSA), the national oil company of the Bolivarian Republic of Venezuela. CITGO is owned by PDV America, Inc.,

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IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

In the United States, fuel-economy standards for passenger cars will curb gasoline demand with growth coming from the petrochemical sector, which is thriving thanks to low-cost ethane. In Venezuela, oil production has fallen by more than half in the past 20 years, and declines are set to accelerate.

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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

Green Car Congress

The process can extract hydrogen from existing oil sands reservoirs, with huge existing supplies found in Canada and Venezuela. This means it potentially costs a fraction of gasoline for equivalent output. The process can also be applied to mainstream oil fields, causing them to produce hydrogen instead of oil.

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Saudis Expand Price War Downstream

Green Car Congress

We see refining margins weakening on worsening diesel fundamentals, particularly east of Suez, though gasoline should be supportive. On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong. In fact, at $5.60

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Gas Prices: You Could Pay $10 A Gallon. Or Just 6 Cents. Why?

Green Car Reports

What did you pay for gasoline the last time you filled up? But you may wish you were in Caracas, Venezuela, where enormous government subsidies cut the price to a ridiculous 6 cents per gallon. If you're in the U.S., probably about $2.70 per gallon. Yep, six pennies.

Eritrea 68