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Ernesto Leaves Refineries Alone

By August 30, 2006

Living in South Florida, I keep a close eye on any storm that looks like it is heading this way. Early on, Tropical Storm Ernesto looked as if it were aiming for the Gulf States. Not only is this area still rebuilding after the devastation they suffered last year, but the refineries in the Gulf of Mexico region are also going through storm-related repairs. Had this last storm stayed on its original path through this area, fuel prices would more than likely have reflected yet another rise.

Luckily for all involved, Ernesto passed by the Gulf region all together, and did little more than dump rain on Florida so far. As for gas prices, they continued to fall coming in at $2.823 per gallon as a national average according to the AAA Fuel Gauge report.

Although the price of gasoline has continued to fall, the sales of smaller cars, and hybrid cars are showing growth. GM has also announced that its Sequel concept car is no longer just a concept. Rather, GM has announced that the hydrogen-fuel cell powered Sequel has been built and will be made available to journalists in the near future.

Lastly, if you have been watching television over the past few days, you may have noticed that it is year-end closeout time for many auto dealerships. To make room for the new 2007 models, dealers cut prices on the existing 2006 inventory. Consumers who are looking to capitalize on these year-end savings should also look to which vehicles are the most fuel-efficient in their class to maximize long term savings on the price of fuel.
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