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The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories decreased by 4.2 million barrels (mb) to a total of 459.7 million barrels. At 459.7 million barrels, inventories are 92.3 million barrels above last year (25.1%) and are well above the upper limit of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 0.4 million barrels to 215.9 million barrels. At 215.9 million barrels, inventories are down 2.3 million barrels, or 1.1% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-0.8mb); Midwest (+0.5mb); Gulf Coast (+0.3mb); Rockies (-0.1mb); and West Coast (-0.3mb). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories increased by 2.6 million barrels to a total of 144.1 million barrels. At 144.1 million barrels, inventories are up 17.4 million barrels, or 13.7% vs. a year ago.

Image From ..automotivefleet.com
The 2015 Ford F-150 is the most aerodynamically efficient F-150 ever, thanks in part to new aero curtains that reduce wind drag by guiding airflow across the front wheels.

Air curtain technology, which first debuted on the all-new Ford Mustang, allows air to flow through a vent underneath the headlamps and out around the wheel. Side-by-side animations show how airflow is smoother at the front wheel and down the side of the truck with the air curtain, versus without it.

By optimizing the aerodynamic design of F-150, Ford designers and engineers reduced drag to help F-150 deliver a best-in-class gasoline EPA-estimated rating of 19 mpg city and 26 mpg highway when equipped with the 2.7-liter EcoBoost® V6 engine. 

© Visionect
Do you enjoy reading books from high-tech e-readers like Amazon’s Kindle tablet? The Kindle tablet employs e-ink technology to deliver crisp text with minimal battery usage. This same e-ink technology has found its way onto street signs in Sydney, Australia. After a successful trial run of 15 signs in Sydney’s central business district, Australia’s Road and Maritime Services (RMS) green lit the expansion of e-ink sign usage around the city. According to digital media website Mashable, this is a ‘World’s First’ usage of this technology for street signage.

As a kid one of the biggest thrills driving home from my Grandma’s house (besides the fact that we had left ; ) was that on the way home we would pass a drive-n theater.  “Raiders of the Lost Ark!”, “Star Wars!” we would yell out as we would take turns trying to guess the feature in the 15 or more seconds we had it in our sights.  The remainder of the 15 minute drive home would be spent in a perpetual state of envy as we realized just how badly we wanted to be having that drive-in experience too.

Image From ..www.tophdgallery.com

According to Wikipedia, the drive-in theater was invented by Richard M. Hollingshead, Jr. in 1932 in New Jersey.  In 1928, he began experimenting at his home in Camden, New Jersey, using his car, a 1928 Kodak movie projector, and two sheets nailed between two trees for a screen. Eventually, Hollingshead would come up with a ramp in each parking space.  This would allow patrons to elevate the front of their cars to see the screen without being blocked by other vehicles.  Hollingshead's original drive-in theater opened in New Jersey June 6, 1933, on Admiral Wilson Boulevard in Pennsauken Township.  The original drive-in offered 400 spaces for cars and a movie screen that was 40 feet by 50 feet.  He advertised the drive-in theater using the slogan, “The whole family is welcome, regardless of how noisy the children are.”   The first film featured here was Adolph Menjou’s Wife Beware.  While the theater only remained open for 3 years, the concept of the drive-in theater quickly caught on in other states.

Image From ..abcactionnews.com
If you're a fan of 'film noir' you've probably seen a fair share of black & white movies where an unsuspecting victim is driving on a dangerous, winding mountain road and inevitable flashes that look of horror when he or she realizes the brakes are gone.  It's probably everyone's worst nightmare; to lose control of one's vehicle. 

And yet, we're learning now that tech-savvy people with bad intentions can do just that; and take control of vehicles without ever laying hands on them.

Fiat Chrysler Automobiles, under pressure from federal regulators, says it is recalling 1.4 million cars and trucks to protect them from cyber security attacks just days after Wired magazine revealed that a Jeep Cherokee could be hacked remotely.

GasBuddy Heat Map
The national average for a gallon of gasoline has continued to decline, following crude oil's plummet in the last week, according to gas price tracker GasBuddy.com.

Gasoline prices nationally have fallen to an average of $2.707/gallon, down from $2.763/gallon a week ago, and some 10-cents a gallon lower than the price peak on June 14 at $2.81/gallon. The decline comes as crude oil prices continue to plummet under $48 per barrel on economic concerns in China, the prospects of additional crude oil hitting global markets from Iran, and softer demand numbers coming from the United States as the summer driving season has likely peaked.
According to best estimates the cost of running a vehicle in a given year can vary and really depends on the vehicle you drive and and the amount traveled in a given year. Using an average vehicle, say a 2014 Toyota Camry, driving 12,000 miles or 18,000 kilometres a year, one should expect to spend about $ 8,000 US a year or about $11,000 Cdn.

This week Pelty at the Pump puts the spotlight on gas prices in the state of Massachusetts.

Image From ..www.marriott.com

Before we look at the brand rankings, here are some interesting facts for Massachusetts’ gas prices for the week of July 12th:

The national average for gasoline is currently $2.73 versus $2.71 for Massachusetts.  How does Massachusetts compare to the rest of New England?, let’s see:   CT: $2.88, RI: $2.74, VT: $2.71, NH: $2.66, ME: $2.73.

The Massachusetts weekly average has fallen for the third week in a row to $2.73, still 64 cents higher than its annual low 24 weeks ago, however 95 cents cheaper than last year.

The Barnstable market had the highest average price for the week of July 12th with pump prices at $2.80 followed by Cambridge-Newton at $2.73, Boston at $2.71, Pittsfield at $2.67, both Worcester & Springfield are at $2.66, and Seakonk at $2.63.  

2015 has been a much more volatile year than last year.  The average weekly change in prices for year-to-date 2015 is 4.5 cents/gal versus just 1.96 cents/gal for the same period in 2014. 

Springfield lead all the metros in the state as having the most volatile prices with an average weekly move of a whopping 5.05 cents/gal versus just 1.88 cents/gal in the first 28 weeks of 2014.

The current range in prices between the top 5% most and least expensive stations in the state is $2.65 to $3.16, a spread of 51 cents which highlights the amount of savings out there for the consumer.

Massachusetts FUN FACT:  The first subway system was built in Boston in 1897.

Chicago Map of Crude Carrying Rails
Police in Griffith, Indiana have turned over a pipe bomb to the U.S. Bureau of Alcohol, Tobacco and Firearms' Chicago division, according to the Griffith Police Department. A pipe bomb that was found near CN Railroad tracks... tracks that frequently carry volatile Bakken crude oil, according to sources.

The discovery was made Monday morning at 10:30am after personnel of CN Railroad notified the Griffith police deparment of a suspicious item on their property near 45th Avenue between Indiana and Wood street. Offices from Griffith PD and CN Railroad Police responded and summoned the Porter County bomb squad and the ATF Explosives Team. "Porter County used its specialized equipment to disarm the device, and the ATF now has it," ATF Special Agent Tom Ahern said late Monday afternoon. "This was definitely an isolated incident."

Car shoppers considering the growing list of diesel vehicles, including the 2015 Chevrolet Cruze Diesel and Volkswagen Golf TDI, got some encouraging news from a new University of Michigan study. 

The study found that while diesel vehicles may be more expensive to buy or lease than their gasoline counterparts, they can save their owners thousands of dollars within just a few years.

The total cost of ownership of diesel vehicles, including depreciation, fuel costs, repairs, maintenance, insurance and fees and taxes, ranges from $2,000 to $7,000 less over three-to-five years versus gasoline vehicles.

For all of 2015, the state of Colorado had sat comfortably below the national average for gas prices. But on Tuesday, Colorado caught up to the national average, and prices have gone even higher since. Colorado’s climbing gas prices have caused confusion. Refinery utilization rates across the country are impressive. Refineries are refining more crude than ever in the U.S.’s history. With all the extra refined products, how is a state like Colorado not able to catch any relief?

Colorado is home to only one refinery, located in the northeast corner of Denver. The Suncor Energy refinery in Commerce City, CO can run up to 103,000 barrels of crude per day. While advantageously located near a large city, the Commerce City refinery still doesn’t produce enough fuel to meet all of Denver’s, not to mention the rest of the state’s, fuel needs. Colorado has to import fuel from nearby states. But a nearby state’s refining issue has crept into the Colorado gasoline market and sent prices rising.





www.gasbuddy.com/50million

We are down to the wire! As shared last week, GasBuddy has surpassed 50 million downloads and to celebrate, we want to award someone from every single U.S. state and Canadian province (except Quebec) a $100 gas card – a weeklong cross-country gas card giveaway if you will. 

To learn more about the giveaway, please visit www.gasbuddy.com/50million

Since this is the last weekend to rake in the points, we decided to make it a Double Points Weekend! From July 24-26, you will get double the points when you report a gas price. Instead of the usual 200 points, it will be worth 400 each (up to five per day). This applies to both mobile and web.

More points = more chances to win a $100 gas card.

Fuego 81
In a previous work life, serving in Public Affairs for one of the large auto manufacturers, the question of how much could be recycled from late models once they had reached their end, was a favorite of journalists and car enthusiasts, alike. Twenty five years ago, the rising cost of raw materials, price and quality competition among auto manufacturers and the growing popularity of "reduce, re-use and recycle", meant that the days when a car was automatically relegated to the junkyard after its use, were over.
The Energy Information Administration released its weekly report today on the status of petroleum inventories in the United States.

Here are some highlights:

CRUDE INVENTORIES:
Crude oil inventories increased by 2.5 million barrels (mb) to a total of 463.9 million barrels. At 463.9 million barrels, inventories are 92.8 million barrels above last year (25.0%) and are well above the upper limit of the average range for this time of year.

GASOLINE INVENTORIES:
Gasoline inventories decreased by 1.7 million barrels to 216.3 million barrels. At 216.3 million barrels, inventories are down 1.6 million barrels, or 0.7% lower than one year ago. Here's how individual regions and their gasoline inventory fared last week: East Coast (-1.3mb); Midwest (-0.9mb); Gulf Coast (+0.5mb); Rockies (-0.1mb); and West Coast (+0.1mb). It is important to note which regions saw increases/decreases as this information likely drives prices up (in the case of falling inventories), or down (in the case of rising inventories).

DISTILLATE (diesel, heating oil) INVENTORIES:
Distillate inventories increased by 0.2 million barrels to a total of 141.5million barrels. At 141.5 million barrels, inventories are up 15.6 million barrels, or 12.4% vs. a year ago.

Image From ..nydailynews.com
USA TODAY reports that a Florida community is up in arms after a beloved toll booth worker was allegedly fired recently for paying drivers' tolls with his own money.

Vladislav "Sam" Samsonov, 77, told reporters that he lost his job last week after working for the Gasparilla Island Bridge Authority near Boca Grande, Fl. for almost 30 years.

"He broke the rules by putting $5.50 into the cash register from his pocket after he realized he missed a trailer being pulled by a vehicle and wanted his register to balance with the axel counts and was caught on tape putting money from his pocket into the register," a woman named Patricia Samsonov Gillis, who identified herself as Sam's daughter, wrote on Facebook.

"Consumers working together to save on gas"