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Automotive News Archive09-Aug-2006A New Gas Price Record, Maybe The national average for regular self serve gasoline has reached the highest price in 25 years according to the latest nationwide Lundberg Survey but the AAA tracking report posts the price just below the record AAA recorded following hurricane Katrina. 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. TV Comes to the Gas Pump If you think there's no escaping TV advertising, just wait. Murphy Oil USA has agreed to display digital media programming though 20-inch high-definition LCD screens embedded within gas station pumps at its nationwide network of gas stations. Massive Toyota Recall Affects Nearly One Million Toyota Motor Corp. is recalling nearly 1 million vehicles around the world to replace faulty parts that could cause drivers to lose control of the steering wheel. Ethanol Benefits Questioned Ethanol would supply only 12 percent of America's motoring fuel, even if every acre of corn were used to produce fuel and not food, suggesting the fuel is no cure-all for U.S. consumers facing high gasoline prices. Bank Of America Offers Hybrid Rebate to Employees The number two bank in the U.S. plans to offer $3,000 rebates to some employees who buy hybrid vehicles. Banker of America Corp. is now the largest U.S. corporation to offer hybrid incentives. Camry, Rav4 Win High Marks in Crash Test There is more good news for Toyota as both the 2007 Camry and the Rav4 earned the top score of "Good" in side and front crash tests performed by the Insurance Institute for Highway safety. The Lincoln Zaphyr was judged no better than "acceptable."
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