WASHINGTON — Tension with Iran and “uncertainty” in the region is adding a $20 or $30 premium to oil prices, pushing up gas prices for vehicle owners in the United States, President Barack Obama said.
“The key thing that is driving higher gas prices is actually the world’s oil markets and uncertainty about what’s going on in Iran and the Middle East, and that’s adding a $20 or $30 premium to [...]
Whether due to rising gas prices or greater eco-consciousness among consumers, U.S. fuel economy levels are at a record high.
Last month, the average fuel economy of a new car purchased in the U.S. was 23.7 miles per gallon, compared to 23.5 miles per gallon the previous month, according to the University of Michigan Transportation Research Institute (UMTRI).
That may not seem like much, but over the last four years, UMTRI reports [...]