US ethanol subsidy caused corn price surge: study

US ethanol subsidies pushed up corn prices as much as 17 percent in 2011, according to a study released Wednesday at a time when Washington's policies on biofuels are coming under heightened scrutiny.

How price shocks in formative years scar consumption for life

Were you a teenager in the 1970s when gasoline got costlier and later found yourself driving less? If yes, you may be part of a generation whose "later-life travel behavior" was shaped by gas price shocks in its formative ...

GM says Chevy Spark EV can go 82 miles per charge

General Motors said Wednesday that the battery-powered version of its Chevrolet Spark mini-car can travel up to 82 miles (132 kilometers) on a single charge, putting it among the leaders in mass-market electric vehicles sold ...

Diesel fights for traction with U.S. buyers

Just like gasoline, diesel fuel has plummeted in price since last summer after reaching almost $5 a gallon. So now that diesel goes for about $2.25, sales of diesel-powered vehicles, which almost always get better mileage ...

US boom transforming global oil trade

The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle ...

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