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Economy

Diesel, Gasoline Prices Expected to Jump Less This Year

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

Feds Predict Higher Fuel Price Increases

Federal officials have raised their expectations for diesel and gasoline prices this year and are predicting even larger hikes coming for 2017, according to a new report from the U.S. Department of Energy.

Brazil to Reduce Vehicle Tax Breaks

The Brazilian government stated it will gradually roll back tax breaks on cars 2014, amid worries from producers that higher duties could hit sales in the South American country.

EPI: U.S. Car Fleet Shrank by Four Million in 2009

In his study, Plan B 4.0: Mobilizing to Save Civilization, Lester Brown of the Earth Policy Institute (EPI) notes that after a century of growth, U.S. fleet is entering an era of decline thanks economic uncertainty, ongoing urbanization and market saturation.