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Automotive News Archive05-Aug-2006Alfa Romeo Sets Sail for U.S. in 2009 Alfistis rejoice! Legendary Italian automaker Alfa Romeo confirms it is returning to the North American market after more than a decade's absence. A trio of contemporary new models will lead the charge. Gas Prices May Have Bottomed Out U.S. gas prices are posting only small declines as the price of ethanol used as a summer-time additive joins international oil near record highs. Rising Gas Prices Cutting into Spending, Survey Finds More than half of Americans are driving less and cutting back on household spending because of rising gasoline prices according to a new poll by Quinnipiac University in Hamden, Connecticut. U.S. Fuel Economy Stagnant for 12 Years U.S. fuel economy has not changed significantly since 1994 and cars and trucks are burning as much fuel as ever despite the turmoil in energy markets and sky-high gasoline prices, according to the Environmental Protection Agency (EPA). Gas Prices Top $3 in Much of the U.S. The average price of regular self-serve gasoline is now above $3 a gallon in 16 states and the District of Columbia while throughout the rest of the country the price lingers just below $3. Midsize SUV Sales Show Signs of Weakening With gasoline holding steady in the $3 per gallon range, it was bound to happen.
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