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Automotive News Archive09-May-2006Online Car Sale Scams Roll On Scammers continue to use online automotive and auction sites to cheat would-be car buyers out of thousands of dollars. Bush Moves to Ease Gas Price Pressures Hoping to ease gas prices, President Bush has ordered a temporary halt in deposits to the nation's strategic petroleum reserve and announced plans to ease some environmental rules. California Challenges Bush on Fuel Standards California Attorney General Bill Lockyer has filed a lawsuit challenging the Bush Administration's new fuel economy standards for SUVs and light trucks, alleging the rules fail to address the effects on the environment and global warming. Prius Rage Gives Rise to Hybrid Haters Growing numbers of hybrid drivers are becoming victims of road rage and they are calling it the "Prius Backlash" as the poltical debate over the environment seems to be moving to the carpool lanes. Chevron Reports Huge Profit Chevron Corp., the No. 2 oil company in the U.S. reported quarterly earnings rose 49 percent to $4 billion, topping Wall Street expectations and sparking a 2 percent rise in the stock. Gasoline Prices May Be Leveling Off Gasoline prices continue to climb, rising almost 7 percent in April alone. Nevertheless, oil industry analyst Trilby Lundberg says consumers may be in for a break because of increasing supplies. Consumers Blame Bush & Big Oil for Gas Prices The most recent Gallup poll finds three in four Americans are angry with the recent increase in gasoline prices and they are blaming the oil companies and the Bush administration.
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