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Automotive News Archive23-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. Oil Prices Retreat For Third Day For U.S. consumers, $3 a gallon may be the "ouch" level, the price at which they take steps to reduce their purchases of gasoline. 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. Alternative Fuel Sources Are No Secret As the internal combustion engine sputters into the 21st century choked by the rising cost of gasoline, public attention is turning, however, fitfully, towards alternatives to the old-fashioned gasoline powered buggy. Big Three Look for Help on Capitol Hill U.S. automakers were on Capitol Hill today looking for help to develop alternatives of gasoline powered vehicles. FTC Finds No Widespread Gas Price Gouging The Federal Trade Commission has reported only 15 examples of gasoline price gouging after Hurricane Katrina and the agency says there is no widespread effort by the oil industry to illegally manipulate prices, a finding Public Citizen said "defied belief."
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