Here we go again! All the while we thought that the issue of oil prices had been a thing of the past, dropping and normalizing after it had hit outrageous numbers some months ago. But now we find ourselves in the middle of successive oil price hikes, an event that will surely become a headliner for the coming days.

And the reason for such hikes? Well owe it all to the continued country disagreements and war on critical countries that have supposedly normalized. Terrorism and fortuitous events have forced the hand of some companies to hike the prices, once again practicing caution in case something disastrous hits the crude oil market.

Gasoline for June delivery rose 3.76 cents, or 2.2 percent, to $1.7182 a gallon at 10:36 a.m. on the New York Mercantile Exchange. Gasoline futures prices touched $1.7485 before paring gains as the dollar rose against the euro.

(Source) AZCentral

Tags: caution, crude oil market, disagreements, fortuitous events, gasoline futures prices, gasoline prices, headliner, new york mercantile, new york mercantile exchange, normalizing, oil price hikes, oil prices, terrorism

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Toyota seems to be readying its plans to expand its line of hybrid cars. The Japan-based auto manufacturer has revealed plans to sell a tiny, battery-powered car in the U.S. by 2012. The Toyota FT-EV concept car can be recharged at various electrical outlets.

From the looks of it, Toyota is not about to let General Motors leave them behind. And with the growing demand for new electric and hybrid cars still in the air, Toyota will be using these factors to come up with great concept cars that can run on alternative sources of energy.

Toyota is readying the FT-EV as alternatives to gasoline expand. They range from plug-ins, including a version of Toyota’s Prius and GM’s Volt, to electric cars from Nissan Motor Co., Tesla Motors Inc. and Fisker Automotive Inc. Gasoline prices, which set a record in the U.S. last year, and pressure from governments to trim carbon dioxide emissions, are driving demand.

(Source) Bloomberg.com

Tags: alternative sources of energy, alternatives to gasoline, auto manufacturer, battery powered car, carbon dioxide emissions, Concept Cars, electric cars, electrical outlets, fisker automotive, gasoline prices, General Motors, hybrid cars, nissan motor, nissan motor co, Prius, tesla motors inc

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Honda Fit is a great car for the people banking on economical means of transportation. This model was originally launched last summer and from the looks of it, is bound to flourish as far as demands for small and nimble cars are concerned.

The Honda Fit offers a great way to save on gas. It has proven that already when the oil prices were way out of proportion. And now that fuel prices are on the decline, you can just wonder how much savings you can get from this vehicle for both city and high speed driving.

“Honda increased production when the gasoline prices were high, so we have a nice selection,” said Bruce Levy, sales manager at Liberty Honda in Hartford. “The five-speeds [manual transmission] can be hard to get, but automatics are available.”

So if you were among the people back then aching to get one, now is the best time to get one. With ready and available stocks in hand, you can experience the Honda Fit benefits for better driving the way it should be.

(Source) Courant.com

Tags: Cars, fuel prices, gasoline prices, Honda, honda fit, oil prices, stocks

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