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Related Newser Stories

• Gas Prices Plummet Below $2

  Nov 21, 08 5:41 AM CST
  As crude oil sank below $50 for the first time in years, gas prices in America continued their precipitous fall, with the average cost of a gallon below $2 today for the first time since 2005. The turnabout is the sharpest since the government began tracking prices in 1980. Suddenly, writes the Wall Street Journal, debate in Washington has shifted from whether the government should give drivers a tax break to whether Congress should hike taxes.
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• Small Dips in Gas Prices Send Drivers Back to SUVs

  Aug 12, 08 2:04 PM CDT
  Oil prices have been falling since mid-June, and though it’s debatable whether speculators or market fundamentals drove the boom (and now possible bust), it is clear that $4 a gallon gas crimped demand. But for how long? With prices now again below that psychological threshold but still $1.19 more than a year ago, auto industry data suggest that even mild relief could reverse the trend toward fuel efficiency, the LA Times reports.
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• Car Sharing Rides $4 Gas to Increased Popularity

  Aug 5, 08 4:02 PM CDT
  With gas prices hovering around $4 a gallon, car sharing as an alternative to car ownership is finally gaining traction, reports Newsweek. Started 8 years ago, the best-known car-sharing company, Zipcar, rents communal vehicles by the hour or day. Both cost-efficient and eco-friendly, the company charges members about $10 an hour, including gas and insurance.
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• Even Texas Is Going Electric

  Jul 31, 08 1:08 PM CDT
  High gas prices are forcing Americans to seriously pursue other transportation options—even in Texas, the heart of oil country. Chrysler’s Global Electric Motorcar division, which sells tiny, utilitarian vehicles, has seen dealerships triple sales. The Wall Street Journal visits a Texas family that’s embraced the cost-efficiency of their 25-mph miniautos, which resemble golf carts.
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• Phew! Gas Sinks Below $4

  Jul 26, 08 1:04 PM CDT
  Gas prices dipped below $4 today for the first time in almost 2 months, CNN reports. A survey by AAA showed that a gallon of regular cost an average of $3.983, 2 cents lower than yesterday. The move continues a trend over roughly the last week in which prices have dropped 10 cents, and they could fall an additional 25 cents by the end of summer, AAA says. The drop mirrors a similar fall in the cost of crude oil. More »