Automobile
US Fuel Economy Hits a New High Point
The fuel economy of automotive sold in the US in last month reached a record high, signaling each maker’s effort for a broader client base on the power of lower costs a mile rather than other performance features or looks.
The Transportation Research Institute at the University of Michigan has been examining gas mileage in cars and other automobiles since 2007 and said that the latest record shows the best average of all the five years. Their research data indicate that the average gas mileage of ‘window sticker value’ of new autos sold in the US in last month was 24.1mpg, the highest level and is up 4mpg from Oct 2007, when it began surveying. The report clearly shows 20% improvement in gas mileage in mpg and 17% reduction in gallons per mile or consumption. The research firm operates an Eco-Driving Index, which determines the standard monthly emissions of the greenhouse gas produced by an individual driver in the United States.
The Eco-Driving Index was at 0.81 in August, which is nearly 20% improvement since 2007 Oct. The index takes into account both vehicle distance covered and fuel economy, concluding the report relying on the facts published with 2-months interval. The program Sustainable Worldwide Transportation is directed by Michael Sivak at the university that is examined with concern by energy use researchers across the globe. The increase in oil prices have made most of industrialized nation’s economies struggling to come out from the 2008-09 effects, interest in fuel savings gives a great global appeal. The crude oil costs remained low under USD85 per barrel. The fuel prices were set back after the United States’ Labor Department reported that the nation’s jobless rate rose in last month.
The crude oil price in West Texas delivery added nearly 50 cents to $85.35 points, while the gasoline added 1.61 to $2.5897 per gallon and 1.17 cents gained on home heating oil to $2.9591. Experts believe that the combination of fuel cost consideration and poor employment outlook are likely to continue stressing carmakers in the US and overseas to keep working on fuel economical vehicles, including trucks and cars. The University has been monitoring not only the big carmakers, but also low volume makers of sports cars and luxury brands. The researchers said low sales-volume makers like Rolls-Royce and Ferrari totaled all the models for each of those makers, determining an average unmodified gas mileage rating.
Automobile
Latest Developments: Ballard Power Systems Inc. (USA) (NASDAQ:BLDP), EZCORP, Inc. (NASDAQ:EZPW), Fusion-IO, Inc. (NYSE:FIO)
Automobile
Stocks In Focus: Oi SA (ADR)(NYSE:OIBR), Genco Shipping & Trading Limited(NYSE:GNK), Zale Corporation(NYSE:ZLC), Celldex Therapeutics, Inc.(NASDAQ:CLDX)
