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Automotive News Archive08-Aug-2006Toyota Hybrid Tax Credit to Decline as Sales Climb For consumers considering a Toyota Prius, now is the time to act. The hefty federal tax credit attached to the hybrid will soon go down and the amount a consumer can pocket could well decline before clearing the ample waiting list at a nearby Toyota dealer. Nation's Average Gas Price Now $3 a Gallon The national average price consumers now pay for regular gasoline sits at the $3 a gallon according to AAA, of Hawthorne, Florida. Chrysler Sets Off Summer Car Sales War Chrysler plans to offer an employee-discount program for consumers beginning July 1, marking the first volley of what is almost certain to be another summer long new-car price war. Car Thieves Like the Fast, Furious and Blinged Out Car thieves are little bothered by soaring gasoline prices as they continue to steal hot, high-priced little sports cars along with blinged-out gas-guzzling SUVs. House to Vote on Ethanol Subsidy Facing a Fourth of July recess crowded with constituents angry over rising gasoline prices, the House of Representatives plans to vote on a bill to use fuel economy fines to subsidize installing ethanol pumps at some filling stations. Former Lobbyist Takes Over NHTSA Nicole R. Nason is now the new chief of the National Highway Traffic Safety Administration. Gas Prices Up 2 Cents Despite Oil Price Drop Crude oil prices are down slightly from record highs but consumers are still paying for the oil price spike when they fill up. Consumers Fear Gas Prices Will Continue To Rise More than half of Americans expect gas prices to increase between now and the fall, according to a recent poll by the Gallup organization. Ethanol Lobbying Disclosures Questioned Public Citizen has filed complaints with Congress about potential violations of the Lobbying Disclosure Act of 1995 by the Renewable Fuels Association (RFA), a national association for the ethanol industry, and Archer Daniels Midland (ADM), America's largest ethanol producer.
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