(January 28, 2022) IRVINE, Calif. —  Despite industry-wide inventory constraints and overall slow new-car sales growth throughout the year, sales of battery-powered electric vehicles (EVs) surged to hit a new record with a strong year-end finish in Q4 2021, according to a new report from Kelley Blue Book. In the fourth quarter, EV sales jumped 72% year-over-year to a record 147,799 units. EV market share in Q4 was 4.5%, also a record high for the segment. 

(January 25, 2022) WASHINGTON, D.C. — Despite typical low seasonal demand for gasoline, pump prices are clawing their way higher. The national average for a gallon of gas is $3.33, two cents more than a week ago. The culprit is the rising price for oil, which is now bobbing around $85 per barrel, nearly $20 more than in November. Last week, both OPEC and U.S. energy officials said the COVID-19 omicron variant is no longer expected to slow the continued recovery of petroleum demand in 2022.

(January 19, 2022) WASHINGTON, D.C.  — Gasoline prices rose a penny last week, driven primarily by the cost of crude oil, which has vaulted above $80 a barrel. The primary reason for the rise in oil prices is the perception that the COVID-19 omicron variant may ebb, allowing the world’s economic engines to kick into high gear. The potential increase in oil demand, coupled with lagging crude production, will only increase prices.

By Paul Borden
MotorwayAmerica.com

(January 15, 2022) I’m not sure if he was the first to say it but astronomer/scientist/author/etc. Carl Sagan once observed that there is no such thing as a stupid question, but I have two incidents that would challenge that notion. One was several years ago when a friend of mine was interviewing golfer Orville Moody for a story he was doing about a local tournament. Naturally, the subject of Moody’s victory in the 1969 U.S.Open came up and at a pause in the conversation, my friend blurted out, “Was that your biggest win?”