The Washington Post -- Eds: Edits fourth paragraph to clarify Memorial Day weekend prices expected to be $3.60 a gallon or a little bit higher.

If you’re lucky enough to live in some parts of the United States, you may see gas pump prices fall to around $3.25 a gallon or less in the next week or two. Even West Coast drivers should get some relief from prices that are still above $4 a gallon.

Retail gasoline prices dropped by a penny to a national average of $3.71 per gallon on Friday. That’s 22 cents less than the high of $3.94 per gallon reached in early April. Lower oil prices are the main reason. Weaker demand is also helping to push down prices, as consumers watch their spending in the sluggish economic recovery.

Motorists on the West Coast, in Illinois and New York are paying the most for gas — from  (read more)

Time -- The conventional thinking had it that rising gas prices would stifle the sales of SUVs. Lane-clogging Suburbans and Explorers would slowly disappear with loads of drivers turning to smaller, fuel-efficient cars. And yet, even as gas prices remain relatively high, SUV sales have never been better. What gives?

If you had to name a heyday for the American sports utility vehicle, most people would point to the ’90s, when gigantic SUVS such as the Hummer, Lincoln Navigator, and Ford Excursion were first sold to the public. According to CNN Money, 1 in 5 new cars sold in the late ’90s and early ’00s was an SUV. That sounds like a lot of cars—until you find out that nearly 1 in 3 vehicles sold today is an SUV.

High gas prices were expected to hammer SUV sales. In March, when gas prices ...  (read more)

Hydorcarbon Processing -- Compared with typical gasoline, issues include damaged valves and valve seats, misfires, lower performance, engine damage, poor fuel economy and increased emissions.

Auto repair costs for consumers could rise due to adverse effects of fuel containing 15% ethanol blends (E15), according to new results from a two-year study on engine durability.

The study was conducted by FEV, a longtime consultant to the US Environmental Protection Agency, on behalf of the Coordinating Research Council (CRC).

The CRC study released Wednesday showed adverse results from E15 use in certain popular, high-volume models of cars, its authors said.

Problems included damaged valves and valve seats, which can lead to loss of compression and power, diminished vehicle performance, misfires, engine damage, as well  (read more)

Forbes -- A long overdue power breakfast with Loews chairman, CEO Jim Tisch placed a mighty sharp focus on all the positive ramifications of the explosion in natural gas discoveries in the US. For a solid hour Tisch sang the praises of the “disruptive technology” that will result from the finding and exploitation across the US of an abundance of natural gas.

First, no one realizes the extent of potential usage of natural gas, opines Tisch, who owns quite a bit in Loews and is looking for more, thank you very much. Gas has become crucial in the delivery of electric power in the US– and will in the future make all forms of transportation more efficient, such as trucks that now use expensive diesel oil.

Second, the US can find and produce unlimited amounts of natural gas once the market  (read more)

The Christian Science Monitor -- Fed up with $4 a gallon gas and a morning commute? Bike advocacy groups have declared Friday, May 18, as national Bike to Work Day to encourage commuters to pedal their way to work instead.

For most people, health and fitness are the main reasons to start biking to work. But since 2008, the economic benefits of ditching four wheels for two are climbing on people’s list of priorities. The savings can add up.

“When you pay $70, $80 to fill up your car, you start to think maybe it is possible to bike to work,” says Andy Clarke, president of the League of American Bicyclists, a Washington advocacy group and national sponsor of Bike to Work Day. “We want to give people the opportunity to try biking and see if it works for them.”  (read more)

ABC News -- After a drumbeat of complaints from energy companies that the Obama administration is blocking domestic oil and gas production, the Interior department released a report claiming that U.S. oil and gas producers are sitting on millions of acres of idle government land leases.

Secretary of the Interior Ken Salazar says that if producers were sincere about wanting to increase energy production, they would activate millions of acres of public land already leased to them. What should they be doing on that land? Drilling.

In a statement issued Tuesday, Salazar says the administration wants companies "to develop the tens of millions of acres they've already leased but have left sitting idle."

A report released by the Department of the Interior claims that of 36 million government acres ...  (read more)

Bloomberg Businessweek -- U.S. automakers have until 2025 to raise the fuel economy on their cars and trucks to 54.5 miles per gallon—double the current standard—or face government fines. The industry has spent years pouring billions of dollars into research and development to comply with the mandate. Now it may get a boost from an unexpected source: the Pentagon.

Government researchers at a new $60 million laboratory are road-testing dozens of alternative fuel technologies for fighting vehicles, from converting body heat into electricity to perfecting fuel cells that transform hydrogen into power—and they plan to share them with U.S. carmakers. “The military operates in very extreme environments,” says.....  (read more)

LA TImes -- Analysts said that a crude-oil glut from increasing domestic production and imports from Canada helped drive U.S. oil prices below $100. They added that a change in the flow of a key U.S. oil pipeline that begins this week could help reduce retail gasoline prices.

The U.S. Energy Department says that crude oil inventories at a storage hub in Cushing, Okla., reached a record 45.1 million barrels on May 11, breaking the old record of 41.9 million barrels set in early April 2011.

The Energy Department also said that last year the supplies at Cushing peaked in April and "generally declined slowly for the rest of the year." That's not happening this year, the Energy Department said, as the amount of crude at Cushing has continued to build.

 (read more)

MSNBC -- Ohio's natural gas and oil production potential is massive, and there are ways to secure the energy resources for the future.

That was the discussion about the state's energy future with some of the leading minds in the industry, which kept the attention of the crowd at Executive Caterers Corporate Club of Landerhaven. It was moderated by NewsChannel5's Leon Bibb.

David Mansbery, president and founder of Duck Creek Energy, said the hydraulic fracturing is a necessary part of securing our energy future.

"You have to liberate the oil and gas from the rock, and it's necessary to do that with hydraulic fracturing," Mansbery said.

He said the shale in Ohio and Pennsylvania is important to the entire country. Mansbery cited what he called recent studies that show the energy ...  (read more)

Los Angeles Times -- A week of price spikes brought retail gasoline in Southern California close to the high amounts drivers were paying in February, according to the Automobile Club of Southern California’s Weekend Gas Watch. The spike may also leave prices at their highest levels ever for Memorial Day, the Auto Club added.

A spokesman for the Auto Club said it was unclear how quickly and how far prices might fall following the spike, which was prompted, in part, by an unusual number of refinery outages in the state.

"We have already seen retail prices decline slightly or plateau in the past 24 hours,” said Auto Club spokesman Jeffrey Spring. “At least for now, it seems the sharp increases are over, but the question is how long it will take pump prices to decline to the levels they were at a week ago."  (read more)

Green Car Reports -- A new study released today by the Coordinating Research Council says that E15 gasoline, which contains 15 percent ethanol, could damage the engines of certain high-volume car and truck models.

The two-year study was conducted on eight different engines from the 2001 through 2009 model years, with a pair of vehicles for each engine tested--one on conventional gasoline, one on E15.

Two of the eight engines running on E15 suffered lower performance, misfiring, reduced fuel economy, and damaged valves and valve seats. A third showed tailpipe emissions that increased above the legal limit.  (read more)

Technology Review -- Delphi, a major parts supplier to automakers, is developing an engine technology that could improve the fuel economy of gas-powered cars by 50 percent, potentially rivaling the performance of hybrid vehicles while costing less.

Delphi's approach, is called gasoline-direct-injection compression ignition, that makes use of advanced fuel injection and air intake and exhaust controls, many of which are available on advanced engines today.

...researchers found that if they injected the gasoline in three precisely timed bursts, they could avoid the too-rapid combustion that's made some previous experimental engines too noisy. At the same time, they could burn the fuel faster than in conventional gasoline engines,...  (read more)

The Miami Herald -- Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.
Economists and tourism experts are expecting only a small uptick in summer travelers. Gas prices are lower, but still high enough to keep some Americans off the road. The job market is improving, but still shaky. And household debt remains high.
Those who do travel won’t feel free to splurge. The bulk of road trippers, experts say, will take shorter trips and reduce food and entertainment spending to conserve cash.
“Travel is about security,” said John Larson, vice president for IHS Global Insight, the firm that analyzed the AAA study. “If you feel less secure about your future, you may be less willing to take this trip.”  (read more)

GasBuddy Blog -- Greece has been all over the news lately, and their situation only looks to get worse. Banks have seen citizens running to take their money out, unsure of the future. Over 3 billion euros has been withdrawn in the past few days, with 800 million euros being withdrawn in a single day, one of the largest single day pullouts in the country. You might be asking what the heck this has to do with gas prices in the U.S.- I'll get there.

You see, the situation in Greece has devalued the euro significantly, driving the dollar higher because of the situation. Since oil is globally traded in dollars, when the dollar outperforms the euro, oil prices tend to fall, and thus gasoline prices drop. When the opposite occurs, oil prices rise, and thus...  (read more)

Huffington Post -- The current market for the renewable energy sector in the United States and around the world is a mix of challenge and opportunity. However, the long-term future of clean energy is bright.

According to our recent report, "Who's Winning the Clean Energy Race? 2011 Edition," last year saw record private investments globally. And the United States received more investments for clean energy than any other nation. These investments resulted in record deployment levels -- 83.5 gig watts of clean generating capacity overall, including an unprecedented 30 gig watts of solar.

But like other emerging high-technology industries before it, the clean-energy sector is going through a period of profound transition. The industry faces powerful financial and policy cross currents.

The most important  (read more)

CBS News -- (CBS News) - The price of gas continues to fall. AAA says the national average for regular has fallen to $3.73, down 21 cents in the past six weeks. But if you pay at the pump, thieves may be waiting for you, ready to skim the information off your bank card and siphon the money out of your account.

It's a scam called "skimming" and it costs the financial industry more than $350,000 a day, as CBS News correspondent Sharyl Attkisson reports.

Volunteer fireman Mark Young recently got out of the hospital after neck surgery, only to be dealt another blow when he checked his bank balance.

"I had $2,300 in the bank, and it said I only had $1,000 in there," Young said.

Surveillance video shows a man that police say is suspected of stealing Young's debit card number and going on a ...  (read more)

Huffington Post -- Gas prices may feel high in the U.S., but they are much higher in the rest of the world.

We have the 12th lowest gas prices on a list of 55 countries compiled by Bloomberg, cited by blogger Barry Ritholtz. Most other wealthy nations have significantly higher gas prices.

In the U.S., gas prices average $4.19 per gallon, according to Bloomberg. In contrast, gas prices are $5.75 per gallon in Canada, $6.75 per gallon in Australia, $8.84 per gallon in the United Kingdom, and $9.35 per gallon in Italy.

Gas prices are lower in the U.S. to a large extent because the U.S. subsidizes oil production and levies relatively low gas taxes. Other countries tax gas consumption more heavily, according to Bloomberg. Gas prices are highest in Norway at $9.69 per gallon, where ...  (read more)

USA Today -- Williamsport, Pa., used to be celebrated for its past — as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found.

Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush. Six hotels are new or being built, and about 100 companies have moved to town, sometimes so fast that the head of the local Chamber of Commerce has told executives wanting guided tours to wait.
"I've said, 'Look sir, get in line,' " says Vince Matteo, chief executive of the Williamsport/Lycoming chamber. "Now I know people in their 20s with high school (diplomas) making $120,000 a year."

Much of Wall Street and Washington is seized by the hope that the U.S.'s energy future will be as bright ..  (read more)

EGM CarTech -- Automakers have been working hard to try to meet tightening government fuel economy regulations, and designer Michael Arbaugh has proposed a controversial way to help reduce weight, a big factor with fuel economy.
The year 2016 is rapidly approaching, and automakers are being forced to improve their U.S. fleet’s mpg ratings, from 27.5 mpg to 341 mpg for passenger cars, with a 23.5 mpg target for light trucks. This is difficult for a number of reasons, and the new requirement fights for automaker’s attention along with rapidly advancing technology and higher safety standards
Arbaugh’s vision is to do away with CD players in automobiles as a way to save an average of 5-lbs in weight, which is a big deal for automakers. Not only does it lighten the load but it also opens up some highly ....  (read more)

GasBuddy Blog -- The Energy Information Administration released its weekly report on the condition of petroleum inventories in the United States today.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 2.1 million barrels to a total of 381.6 million barrels. At 381.6 million barrels, inventories are 11.3 million barrels above last year (3.1%) and are above the upper limit of the average range.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 2.8 million barrels to 204.3 million barrels. At 204.3 million barrels, inventories are down 1.6 million barrels, or 0.8% lower than last year. Here's how individual regions and their gasoline inventory fared last week: East Coast (N/C); Midwest...  (read more)

Reuters -- The collapse in oil prices since the start of May is posing a severe test for oil market bulls who must meet big margin calls to maintain their positions -- or close them out and accept their losses.
The price collapse has already prompted many hedge funds and commodity trading advisers to pull out of WTI.

TO CLING ON OR QUIT?

In April and especially May, plunging Brent and WTI prices are likely to have inflicted significant pain on many hedge funds. Month-end performance letters are likely to reveal some big casualties.

With Brent languishing, and bulging stockpiles around the NYMEX delivery point at Cushing, Oklahoma, WTI prices may struggle to rally much.

Many must now be more focused on minimising losses than maximising gains.  (read more)

GasBuddy Blog --
Until recently, this feature was something that hadn't received much attention but Nissan has developed a way to help motorists maintain optimum tire pressure and it comes standard in all 2013 Nissan models.

It's Nissan's "Easy Fill Tire Alert" system that eliminates the guesswork as well as the significant margin of error that exists between one tire pressure gauge and another. With this system, when your tire pressure goes low it alerts you to the specific tire and gives you an exact reading on the current tire pressure that tire has instead of simply lighting up a bulb in the dashboard. So there's no need to guess where the problem is and you don't even need a tire gauge.

As you fill the tire the car's four-way...  (read more)

Oilprice.com -- To hear Carlos Pascual, the U.S. State Department’s special envoy on international energy tell it, “The United States values Canada as its most important energy partner. There has never been a doubt about that. It is true now and it will continue to be true in the future.”

A year ago at the Gas & Oil Expo and Conference North America 2011 the U.S. Ambassador to Canada, David Jacobson, told his audience, “The United States and Canada have the closest energy relationship in the world. And the U.S. sees Canada as a pillar of our energy security. We will continue to work closely with Canada to address environmental concerns while securing reliable energy supply for the North American continent - something to which Canada - and specifically Alberta - contributes mightily.”  (read more)

Oil and Gas Journal --
The US Bureau of Land Management didn't have to wait long for comments about its proposed hydraulic fracturing regulations. Oil and gas groups and environmental organizations quickly found problems with the May 4 proposal.
Industry groups pointed out that many states already have effective regulations. "Each state has unique geologic and surface conditions that are more effectively regulated and managed at the state level," American Exploration & Production Council Pres. Bruce Thompson said.
"This proposed rule is a solution looking for a problem and is another effort to federalize the regulation of the production of our nation's energy resources," he continued. "The result of the imposition of this proposed rule would be higher energy costs, fewer jobs, lower revenue to the US Treasury,  (read more)

King 5 TV -- SEATTLE - The Spear family drove the 800 miles from Idaho Falls, but what caught their eye long before arriving at Snoqualmie Falls was how much more expensive gas is here. They said it’s probably a good 60 cents per gallon more.

Gas prices in Western Washington are up more than 60 cents over the past 3 months - jumping a nickel a day at times.

Nationally, gas prices dropped a nickel since last week - sitting at $3.73 a gallon today. But in Western Washington, we're at least 50 cents higher. Seattle, Bellevue and Everett are up 13 cents in a week - at $4.23 and Tacoma is up 17 cents to $4.24 a gallon.
A National Gas Price Heat Map by www.gasbuddy.com illustrates gas prices across the country.  (read more)