June 19th, 2008
Rising petrol prices are gouging motorists’ hip pockets. We take a look at how petrol prices are set and what you can do to reduce your fuel bills.
Tips on cutting your petrol bill
• Drive carefully. Higher speeds use more fuel. Hard acceleration or braking also burn up petrol.
• If you’re driving a manual, make sure you’re in the right gear. If your car is working too hard, it’s burning too much petrol.
• Avoid driving in peak periods. Constantly stopping and starting your car, or spending long periods idling in traffic, wastes fuel.
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Tags: fuel economy, how to save money, interesting, tips
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June 19th, 2008
Construction workers say the rising cost of fuel is putting a strain on business.
Eddie Walls with JPD Construction out of Bossier City says, “Sometimes we bid a job and it may be 90 to a 150 days before the job physically starts when you’ve got diesel fuel that goes up like it has the last 90 days you just about losing money when you get started.”
Walls says high fuel prices is causing the cost of some of their supplies to go up as well. “This bedding rock that we use that goes in the sewer has sky rocketed. The asphalt that we’ll be putting down on this street has sky rocketed, it’s all tied to fuel.”
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Tags: crisis, farmers, fuel costs, price rising
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June 19th, 2008
Delta Air Lines’ much publicized Salt Lake City-to-Paris flight has run into unexpected turbulence since it was launched earlier this month.
At least twice since the the inaugural flight on June 3, the “nonstop” route has included stops in Cincinnati to take on additional fuel to make it across the big pond.
You can blame the one-stop affair on Utah’s hot weather, the popularity of the flight and technical difficulties that forced Delta to use Boeing 767-300 jumbo jets with different sized engines than would normally be used on the route.
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Tags: airlines, crisis, Delta Air Lines, fuel costs, US Airways
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June 19th, 2008
It was interesting to hear US President George Bush, a failed businessman who destroyed the economy his country and took the world hostage to an illegal war that should have never happened.
President Bush urged Congress today to permit drilling for oil off America’s coasts — on the outer continental shelf — to combat rising oil and gas prices. This is the biggest set up in the history of the world.
When Bush took over Whitehouse in 2001, gasoline price hovered between $1 and $2. Today it is between $4 and $5. This is how Bush and his adminiostration helped the oil price rise:
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Tags: crisis, fuel costs, George Bush, interesting, price rising
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June 18th, 2008
The business secretary has issued a warning about inflationary pay rises after tanker drivers working for Shell settled a pay dispute with employers.
The deal came after a four-day strike by the drivers. They had originally wanted a 13% pay rise, and turned down 7%. Their final deal is not yet known.
John Hutton said the deal reflected the particular conditions in the industry.
He said: “There needs to be discipline in public and private sector pay if we are to keep inflation under control.”
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Tags: crisis, fuel costs, price rising, strike, UK
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June 18th, 2008
Facing the toughest political climate in a generation, the oil industry is using a barrage of advertisements to deflect anger over $4 a gallon gasoline prices.
Exxon Mobil has been particularly aggressive, running televised spots during the NBA Finals and network morning talk shows, and buying large print ads in the U.S. and Europe. Chief executive Rex Tillerson appears in one of the ads, which began running earlier this month, discussing the company’s goal of caring for the environment as it provides energy to the world. Ads from other oil companies hit on similar themes: investment in alternative fuels and technology required to produce oil these days.
Exxon’s ads are part of a growing effort by the industry to counter a political backlash against rising oil prices and global-warming worries. Oil companies have traditionally been the bogeyman for consumers during times of rising prices, with ad campaigns often employed to soften the industry’s image.
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Tags: Exxon Mobil, fuel costs, interesting
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