Oil and Gas Pricing

Study: Consumers Still Want Better Gas Mileage

Edmunds.com reports that smart car shoppers still want higher-mileage vehicles despite low gas prices, according to a new national survey by the Consumer Federation of America. The survey found that consumers expect the national gasoline price to rise by almost 50 percent in the next two years. And they have incorporated this expectation into their next vehicle purchase. “More than 86 percent say…

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Why low gas prices make this a great time to buy a hybrid

Gas prices are falling. So, too, is the cost of many hybrid cars. “Fuel savings are not top of mind to many consumers right now, and that makes this a great time to buy a hybrid or electric vehicle,” said John Krafcik, president of TrueCar. “With gasoline prices now averaging just $2.10 per gallon, and vehicle preferences tied so closely…

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Fuel economy remains an important consideration for car buyers

A new study from J.D. Power found that fuel economy remains the most influential factor among a majority of car shoppers. “Consumers know that, although gas prices are low today, the cost of fuel will likely increase during the time they own their vehicle,” said Arianne Walker, senior director, automotive media & marketing at J.D. Power. “Clearly, consumers are considering…

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Despite drop in gas prices, car buyers still focused on mileage

Despite the recent plunge in gas prices, fuel economy remains the key factor most motorists consider when buying a new vehicle, according to a new survey by J.D. Power and Associates. According to the 2015 study, 14% of shoppers ranked mileage as number one on the list of why they bought a particular vehicle, while 16% said they rejected a vehicle because of…

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Gas prices may be falling, but hybrid production is not

A CNBC column by Phil LeBeau says that while gas prices are falling, production plans for hybrid and electric vehicles is stronger than ever. He lists three reasons why automakers are ramping up their investments in green vehicles: (1) Gas prices will eventually rebound; (2) CAFÉ standards; and (3) Emission, clean air standards. LeBeau notes that regardless of what happens with gas prices, U.S.…

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AP: Why gas prices may swing drastically in a single day

The Associated Press reports that gasoline prices are  “swinging up and down ever more drastically, a result of a national fuel system that is operating with a shrinking margin for error.” It’s not uncommon for gasoline prices to jump 20 cents per gallon or more in a single day, the AP reports. Click here to read the reason behind the…

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