gas

(Newser) - Four-dollar gas? Blame biofuels, the oil industry says. Construction of new refinery capacity is on hold thanks to government regulations that will soon require oil companies to produce biofuels such as ethanol. Uncertain standards for biofuels, which may render new refineries useless, have led oil companies to rethink expansion plans—...

(Newser) - Every New York City taxi cab will be an eco-friendly hybrid in five years, Mike Bloomberg declared today. And by next year all new taxis will have to meet mileage and emissions standards. Cabs will turn green as part of the mayor's wider sustainability plan for the city, which is...

(Newser) - Gas hit a record high of $3.18 yesterday, soaring past the previous all-time high, the inflation-adjusted 1981 price of $3.15 per gallon. A spate of fires and power outages have crippled the nation's refineries, sending prices soaring even as crude oil costs drop. That's turning consumers away from...

(Newser) - Tarnishing his regular-guy credentials, Rudy Giuliani told reporters yesterday a gallon of milk costs $1.50 and a loaf of bread $1.25. So what if his own neighborhood's average is $4.19 for milk and upwards of $2.99 for white bread? At least he had a clue about...