Low Gasoline Prices
A new economics report from Beacon Economics for Next 10 shows that what good for the environment is good for the state's economy, but the results are marred by increasing vehicle-miles-traveled. The state's housing crisis is partly to blame.
Business Wire
David Yager, an oil industry consultant, writes that recent reports predicting electric vehicles will eventually outsell those with internal combustion engines are vastly exaggerated, notwithstanding national bans on future sales of such cars.
Business Insider
Two new reports on transportation funding issued in advance of the July 4th weekend focus attention on gas prices and vehicle travel. Seven states will increase gas taxes on July 1 according to the Institute on Taxation and Economic Policy.
Institute on Taxation and Economic Policy
There is good news in the most recent Federal Highway Administration Travel Trends report—if you look hard enough.
AASHTO Journal
Two widely cited University of Michigan transportation researchers urge consumers to drive more fuel efficient vehicles to reduce their own carbon emissions as President Trump works to relax vehicle fuel economy standards.
The New York Times
Next on President Trump's environmental chopping block may be a rollback of fuel efficiency standards. Two auto associations have asked EPA Administer Scott Pruitt to review a decision made last month to retain a 54.5 mpg target.
The Washington Post
So much for the 2015 record of 3.148 trillion miles. Last year saw a cumulative travel increase of 2.8 percent to 3.218 trillion miles, setting a new record as cheap gas contributed to increased driving.
E&E News
Last year set two notable vehicle records. First, the most cars ever sold, at 17.54 million. Second, light trucks accounted for almost 61 percent of all sales. Sales of more fuel efficient car fell, though electric vehicle sales increased.
The Drive
When gas prices fall, discretionary transit riders also spend less on transit according to an analysis of credit and debit card bills by the JP Morgan Chase Institute.
Marketplace
It's not just Americans favor SUVs and light truck over compact cars, but that a majority of EV and hybrid owners who have traded in their cars are opting for all-gas vehicles, and that spells trouble for meeting President Obama's climate goals.
The New York Times - Science
Yes, gas prices are both lowest and highest. When compared to past Memorial Day weekends, it's the lowest since 2005, and by no coincidence the highest amount of travelers will take to the roads since the same year. Guess what that is doing to VMT?
Daily Fuel Gauge Report (AAA)
Gas prices are on the rise, though they will remain well below 2014 levels through this year. U.S. oil production dropped by 600,000 barrels from last year, while gas consumption is on track to break the 2007 record thanks to cheap gas and more SUVs.
The New York Times
Amtrak will be forced to make cuts of almost 4 percent, due primarily to low gasoline prices.
Philadelphia Inquirer - Philly.com
Several key factors, not the least of which was cheap gas, combined to make 2015 a record year for new passenger vehicle sales, smashing the 2009 record of 10.4 million sales and edging-out the prior record of 17.40 million sales in 2000.
The Washington Post
McClatchy's Curtis Tate reports on Amtrak routes in Missouri and Kansas. Reduced ridership on the Missouri River Runner may be the result of falling gas prices.
McClatchy Washington Bureau
The world's third cheapest gasoline will increase by 40 percent in order to deal with a record budget deficit of $98 billion this year. Plummeting oil prices have forced the world's largest oil exporter, Saudi Arabia, to reduce energy subsidies.
AFP
The answer to the question posed by the New York Times is surprising. Hint: Don't blame the customer if the sales force isn't trying to sell them on vehicles that never need to go to a service station to purchase fuel.
The New York Times - Science
New figures from the Federal Highway Administration show no abatement in increasing vehicle miles traveled (VMT). While low oil prices have been beneficial for the environment on the production end, it is wreaking havoc on the consumption side.
AASHTO Journal
After TransCanada hit the "pause button," President Obama hit "reject." The seven-year saga has come to an end, announced President Obama in a noon White House statement to the press on Friday where he took no questions.
The White House
Gas prices are 80 cents a gallon less than a year ago and $1.50 less than April 2014. With this amount of savings, the economy should be improving from all the extra cash in consumers' hands. You'll be surprised where much of the savings is going.
Business Insider
