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Automotive News Archive15-May-2006Gasoline Prices Remain High, Oil Above $70 a Barrel With international oil prices languishing above $70 a barrel, the news at gasoline pumps throughout the country is still horrible. Study: Electronic Stability Control a Lifesaver Though fewer than a third of new vehicles sold in the United States have electronic stability control, this relatively new technology can reduce the odds of fatal rollovers by 73 percent in sport utility vehicles and 40 percent in passenger cars, according to University of Michigan researchers. Public Citizen Wants Higher CAFE Standards Joan Claybrook, president of Public Citizen and a former administrator of the National Highway Traffic Safety Administration (NHTSA) is urging Congress to raise the passenger car Corporate Average Fuel Economy (CAFE) standards. 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. Survey: Gas Prices Don't Shake SUV Popularity As the price of gasoline continues to climb, consumers are beginning to reevaluate their criteria for purchasing new vehicles, according to a survey of 1,200 people conducted by the University of Maine.
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