In a new report recently sent to Rigzone, Fitch Solutions Country Risk & Industry Research projected that the first month benchmark NYMEX RBOB gasoline would average $2.70 per gallon this year. The same forecast was made in a separate Fitch Solutions report sent to Rigzone on February 16, which revealed the company’s NYMEX RBOB gasoline price forecasts through 2026. “Above-average crack spreads will keep 2023 gasoline prices elevated but below 2022 levels,” Fitch Solutions noted in its latest report. “Given the fundamentals, the gasoline market will remain slightly undersupplied in 2023, which will keep prices high. Relatively low gasoline inventories…
Author: Automotivedealernews.com
TROY – A 17-year-old boy has died after being hit by a car in Miami County Monday night.Around 7:30 p.m., Troy police and medics were called to a report of a person hit by a car in the 400 block of North Elm Street near Treasure Island Park, according to Miami County dispatchers.Police arrived at the scene and found a 17-year-old male trapped under the car, according to Troy Police Department Sgt.Read more>> Springfield train derailment: Clark Co. officials. “No hazardous material was leaked;” NTSB on sceneThe 17-year-old was taken to hospital where he was later pronounced dead.A preliminary investigation…
BERLIN/BRUSSELS, March 7 (Reuters) – Germany has made a last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars by 2035, demanding that car sales be allowed new with internal combustion engines after this date if they run on electronic fuels.EU law would require all new cars sold from 2035 to have zero CO2 emissions, making it effectively impossible to sell new cars powered by fossil fuels.The rules, which Germany, along with most EU countries and lawmakers, previously supported, would not ban internal combustion engines (ICEs).But the law is seen as a death knell for the…
And attempts to maintain profit margins by giving products a superior shine are not guaranteed.Understand inflation and how it affects youSix Flags, the theme park operator, recently moved to a more premium model by raising prices and limiting discounts, which Selim Bassoul, the chief executive, described as “bold changes to our business model in order to elevate the guest experience.” So far it has had mixed results. In the nine months to September, attendance at its parks fell 25 percent from a year earlier, spending per guest rose 22 percent and ultimately profits fell nearly 10 percent one hundred.In January,…
TINIAN, Northern Mariana Islands: Resources are key to executing combat airpower, anytime, anywhere, and without fuel, planes don’t fly.To combat potential fuel shortage issues, fuel distribution operators assigned to the 3rd Air Expeditionary Wing exercised alternative refueling methods during Exercise Agile Reaper March 23-1 at Tinian International Airport .“As the lead logistics planner for the 3rd AEW, one of the main things my team and I wanted to exercise was how we rapidly support and sustain the F-22. [Raptor] sortie generation in a contested environment with limited resources, fuel storage capacity and personnel,” said Capt. Alex Sparrow. “For this exercise,…
The U.S. dropped four rigs week-on-week, according to Baker Hughes’ latest rotating rig count, which was released on March 3. The four rigs consisted of two onshore rigs, one offshore rig and one inland water rig, the count showed. The decline brings the total US rig count to 749, including 732 onshore rigs, 16 offshore rigs and one inland water rig, according to Baker Hughes’ count. Of the total 749 US rigs, 592 are classified as oil rigs, 154 as gas rigs and three as miscellaneous rigs. Canada added two rigs week-on-week, according to Baker Hughes’ count, which revealed the…
Mercedes will look to Aston Martin for ideas to “identify” possible changes to its 2023 Formula 1 car, according to team principal Toto Wolff. Wolff has asked his technical team to evaluate potential new development avenues that could unlock greater performance potential to the extent that this could lead to a concept change. This follows his admission that the current pack, and the more advanced version currently at Brackley, will not be strong enough to meet the team’s goal of consistently fighting up front. Mercedes were beaten in both qualifying and the race by Aston Martin in Bahrain. The AMR23…
Honda CG125 Overview:The Honda CG125 has a Euro 2 compliant overhead valve engine, starter mechanism and 4-speed transmission. The trim graphics are redesigned, as well as the seat and instrument panel layout, to give this long-running model a refreshed look. It produces 11.0 horsepower (7.3 kW) at 8,000 rpm and 9.5 newton-meters of torque at 6,500 rpm. With a fuel economy of 35-40 km per liter and a top speed of 120 km/h. The fuel tank has a capacity of 9.2 liters with 2 liters in reserve.Another variant, CG125 SE, launched in 2019, has a 5-speed transmission instead of the…
Senator Irfan Siddiqui says that Pakistan’s property cannot be sold at used price Khalid Mahmood | 07 March 2023 ISLAMABAD: A senate committee on Monday approved a one-time ‘radio fee’ of Rs 500 on the first registration of different types of vehicles. Chairing a meeting of the Senate Standing Committee on Information on Monday, which was also attended by two other members, Senator Fauzia Arshad and Senator Syed Waqar Mehdi, Senator Irfan Siddiqui maintained that more than three million cars were registered annually and that they all use radio. He proposed that if a radio fee of Rs 500 is…
DUNTON, England, March 6 (Reuters) – Ford Motor Co’s ( FN ) push to use data feeds generated by its vans and trucks, from engines to oil filters to brake pads, to attract more customers in the European and North American commercial vehicle market. is played on a 9-metre-long (30-foot) screen at the UK headquarters in Dunton, east London.During a recent visit by Reuters, this display showed real-time data from 114,000 vans in Britain so far covered by Ford’s FordLiive monthly subscription service.Ford employees focused on the 98.3% of vans that were in service – and of those, about 8%…