Russia’s invasion of Ukraine in February 2022 caused panic in European gas markets that were already on edge due to low winter inventories. Short-term supply-demand balances suddenly took on greater urgency, and everyone knew that policy and infrastructure changes were needed, soon. The most immediate concern was the very real possibility that the winter of 2022-23 could see gas rationing in the European Union (EU) due to supply shortages. However, with winter in retreat, Europe is emerging with record volumes of stored gas accompanied by prices that have fallen to pre-invasion levels. This is no time for complacency, though. Although…
Author: Automotivedealernews.com
Monica Lynn Berninger, 42, of 1920 Green Ave., has been charged with felony theft, receiving stolen property and unauthorized use of a motor vehicle for stealing her mother’s 2002 Toyota Camry from outside from his mother’s home in the 1100 block of Almond St in February. 19, the municipal police reported in court documents. The vehicle was found abandoned three days later near the mother’s home, police said. After her arraignment before Judge Aaron Biichle, Berninger was released on $25,000 bail. Today’s news and more delivered to your inbox Source link
DUBLIN, March 13, 2023 /PRNewswire/ — The report analyzes the global light electric vehicle market size, share and industry trends by vehicle category (2-wheeler, 3-wheeler and 4-wheeler), by vehicle type , by component type, by application, by Added to Power Output, by Regional Outlook and Forecast, 2022 – 2028 report ResearchAndMarkets.com’s offers The global light electric vehicle market size is expected to reach 130.4 billion dollars by 2028, increasing with a market growth of 8.9% CAGR during the forecast period.Light-duty electric vehicles (LEVs) consisting of two- and three-wheeled electric cars are the largest segment of electric vehicles in stock. These…
Oil prices fell and volatility rose as traders shied away from risk and tried to understand how the biggest US banking collapse since 2008 would reverberate through the economy. Brent, the global benchmark, fell below $80 for the first time since early February as investors fled risk assets and into safer bets, but recovered some of those losses when the US authorities introduced emergency measures aimed at strengthening confidence in the banking system and preventing contagion. The first-month 50-day implied volatility measure for West Texas Intermediate rose about 16 percentage points, the most since the start of Russia’s invasion of…
US News & World Report released its 2023 “Best Cars for Families” list on Tuesday, which was compiled by evaluating 92 vehicles to select the best family-friendly models in nine categories, including utility vehicles sports cars, electric vehicles and minivans. US News Best Cars, which is the automotive channel of US News & World Report, has been running this “best cars” list since 2007, ranking vehicles based on several factors including: safety and reliability ratings, seats and cargo volume, as well as family features such as in-car wireless internet and hands-free tailgates. The report does not select a single “winner”,…
Schematic of a combustion engine: moving parts (red) and friction zones (yellow). Credit: Zephyris/Wikimedia/TCF, CC BYWith rising gas prices showing no signs of abating, it seems like a good time to ask: Are our cars not efficient enough? Europe has decided to ban the production of new vehicles powered by combustion engines by 2035, but the majority of passenger vehicles currently on the roads in France and around the world still fall into this category. Their engines work by burning gasoline or diesel and converting the resulting thermal energy into mechanical energy, which is used to propel the vehicle. At…
LITTLE ROCK, Ark. — It’s spring break, which means more people could be heading to state parks, but the Little Rock Police Department said that could lead to more car break-ins.”It is much more crowded. So, of course, it makes it a lot easier for them to break into vehicles,” said Jonathan Tolentino, public information officer for the Little Rock Police Department.Officer Tolentino explained that, unfortunately, this has been an ongoing problem.”In previous years it was, especially the holidays, things like that, people came in cars,” Tolentino said.Signs reminding people not to leave valuables in their cars and other advice…
The airline industry would be forced to adopt new measures to protect passengers and crew members from toxic aircraft fumes under a bill introduced in Congress this month.The legislation seeks to address a basic fact of flight: the air we breathe in airplanes comes directly from jet engines. Under normal conditions, the air is safe, but if there is a mechanical problem, heated jet engine oil and other aviation fluids can leak into the air supply, and can release toxic gases into the airplaneWhile homes and offices across the country are required to have carbon monoxide detectors, airplanes do not…
Adnoc Gas, a subsidiary of Abu Dhabi’s major energy company, surged in its trading debut after raising $2.5 billion in the world’s largest initial public offering so far this year. Shares rose as much as 25% to 2.97 dirhams, before paring some gains to finish the day at 2.81 dirhams. As of Monday’s close, Adnoc Gas is valued at 215.7 billion dirhams ($58.7 billion), roughly in line with Occidental Petroleum Corp. State-owned Adnoc sold a 5% stake in the company, which posted record profits in the year to October as Russia’s invasion of Ukraine rattled energy markets and pushed up…
By mid-2022, news emerged that auto loan default rates had begun to rise, especially among younger generations. Since then, delinquency rates have only continued to rise. Younger age groups remain the most affected. In 2022, data from the Federal Reserve Bank of New York (aka the New York Fed) revealed that 3.59% of auto loans for borrowers aged 18-29 were lead to serious delinquency, which is defined as payments of 90 or more. days late This figure reached 2.3% for borrowers between 30 and 39 years old.In fact, auto loan delinquency rates rose in 2022 for all age groups except…