and price competition has set in among gas stations in an effort to maintain sales volume. And gas stations could lower their selling price without taking a hit to their profit margins as the costs of their product also declined.
Perhaps if Mann hadn’t made such an effort to “hide the decline“, fewer people today would be suffering the misery of extreme fuel poverty. And perhaps more Americans could afford this year to take their families on summer vacation, without stressing about the gasoline bills they will ...
The crunch on capacity will be at its tightest in 2028, reaching 7.5GW, because the country is retiring old capacity faster than new resources can be brought online. The situation is made worse by increasing demand for power, and delays to the Hinkley Point C nuclear plant, according to a...
Consumer electronics almost always have a large negative CPI. This makes sense as manufacturing constantly gets more efficient, lowering the costs of products, and only the added improvements cause prices to rise or, in many cases, drop more slowly, s...
Oil is also shipped. The oceans are unregulated as regards emissions, so ships use the cheapest, dirtiest fuel possible to keep costs down, making them one of the largest pollution sources on the planet. Shipping is responsible for an estimated 1 billion tons of CO2 per year, and 10 percent...
So why hasn't the surge in U.S. production of crude oil brought any real decrease in the price of oil and gasoline? The answer is pretty simple. If you leave out the growth in shale oil production from the U.S. and oil sands production from Canada, total field production of crude ...
Here is a link to an interesting graphics that shows how much we are spending for fuel, how expensive it is to drive a vehicle, and how much money Big Oil is raking in:GASSED: Fuel Consumption & Costs. This is why we are paying so much for gasoline and diesel fuel. ...
Also, in America, diesel fuel costs more per volume than gasoline. It is about 50% more money for diesel fuel where I am. Also, diesel mechanics get paid more than regular mechanics and diesel engine work is much more expensive. It is very difficult to justify purchasing ...
As soon as there were internal combustion engines, someone was looking at his bicycle and wondering how to fit the two together. In recent years, there have been quite a few builders making kits to transform bicycles into motorized commuters and some have built bikes emulating the style of tho...
Having access to cheaper money is an issue, see South Korea*, but not that big of a deal in most American sectors as financing costs are not that important with the near zero interest rates at this moment *chaebols could lend from their own banks. Korea has always ...