Gas Reaches New Record as Fourth of July Holiday Nears
June 30, 2008 - Monday, June 30 saw the per gallon price of gasoline hit a new record at $4.086, with the AAA predicting an almost 2% decline in traffic for the impending Fourth of July holiday.

Oil Prices Surge to New Levels
June 27, 2008 - In early Asian trading on Friday, June 27 crude oil futures reached a new record above $142 renewing fears of $150 a barrel oil before summer's end.

Study Shows Fuel Economy Concerns Effecting Buyer Satisfaction
June 26, 2008 - In its annual study of consumer satisfaction with vehicle purchases, J.D. Power found increased emphasis on fuel efficiency adversely effecting buyer's feelings about their new cars.

Ford Denies Renewed Volvo Sale Rumors
June 25, 2008 - In the face of renewed rumors that Ford is shopping for a potential buyer for Volvo, the automotive giant continues to deny any planned sale of the brand.

GM Offers Zero Financing, Retools Aspects of Its Production
June 24, 2008 - In a move designed to combat dwindling sales, General Motors is offering a zero financing sale from June 24 to June 30 while cutting truck and SUV production and pondering the fate of the Hummer brand.

Saudi Arabia to Increase Daily Oil Production
June 23, 2008 - In an announcement on Sunday at the conclusion of an oil summit in Jeddah, Saudi Arabia, King Abdullah announced that his nation will increase daily oil production to 9.7 million barrels.

Gas Starts Back Up for the Weekend
June 20, 2008 - After experiencing minimal declines for three days, the per gallon price of gasoline started back up on Friday, June 20 standing at $4.075 nationally.

Corvette ZR1 Goes on Sale as this Summer
June 19, 2008 - The sticker price of the Chevrolet Corvette ZR1, set to go on sale this summer, includes approximately $1,700 for the car's "gas guzzler" status.

Slight Dip in Gas Prices Offers Little Relief to Consumers
June 19, 2008 - Three days of slight decreases in the price of gasoline have offered little relief to Americans who are dramatically altering their driving patterns and opting for smaller vehicles or alternate transportation.

Automakers Scramble to Produce Hybrids, Alternative Fuel Vehicles
June 17, 2008 - With consumer demand shifting rapidly in the face of rising gas prices and growing environmental concerns, automakers are scrambling to get hybrids and alternative fuel vehicles on showroom floors.

Honda Fuel Cell FXC Clarity Headed for California
June 16, 2008 - Beginning next month, a limited number of Honda FXC Clarity fuel cell sedans will be leased to select drivers in California with 200 of the vehicles to be released in the state by the end of a year.

BMW Expanding American Operations
June 13, 2008 - While other automakers are contracting their operations in the face of the current economic climate, German carmaker BMW has announced a $270 million expansion of its U.S. operations.

Toyota Exec Urges Realistic Expectations of Plug-In Hybrids
June 12, 2008 - Speaking to reporters at an automotive conference in Washington, a Toyota technology exec attempted to temper consumer expectations of potential plug-in hybrid performance in real-world driving conditions.

Gasoline Prices Set Yet Another Record
June 11, 2008 - In yet another record-setting jump, the average per gallon price of gasoline in the United States hit $4.052 on Wednesday, June 13 according to figures compiled by AAA.

Tracinda To Buy 20 Million Shares of Ford
June 10, 2008 - As a result of a tender offer made in May to purchase shares of Ford at $8.50, sellers will garner an attractive premium on a stock that closed on Monday, June 9 at $6.36.

Gasoline Price Average Above $4 on Monday
June 09, 2008 - According to statistics compiled by AAA, the national per gallon price of gasoline stood on average at $4.023 on Monday, June 9, up 29% from one year ago.

Toyota Perfecting Fuel Cell Technology
June 06, 2008 - Toyota claims to have developed an advanced fuel-cell vehicle called the FCHV-adv with a single tank range of 516 miles that will be used by the Japanese government later this year.

Ford Plans White-Collar Cuts
June 05, 2008 - The ongoing slump in the American automotive market has forced the Ford Motor Company to cut white collar work force expenses by 15% and give up the goal of profitability in 2009.

Four Sedans Dethrone F-Series Trucks as America's Favorite
June 04, 2008 - Since October 1991 the Ford F0150 has been the best-selling vehicle in America, but as a reflection of the times, the pick-ups were out-sold by four sedans during the month of May.

GM Closes Truck, SUV Plants in Face of Fuel Prices
June 03, 2008 - Citing the belief that high gasoline prices will remain for the long term, General Motors announced its plants to close four truck and SUV plants in favor of renewed emphasis on fuel efficient vehicles.

Hurricane Season Fears Effect Price of Gasoline
June 02, 2008 - Since the devastation of Hurricanes Katrina and Rita three years ago, seasonal fears over a disruption in the supply of crude oil further elevate summer gasoline prices with the effect lingering into December.