Cheaper Gas Hurts Hybrid Sales
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Hybrids didn't keep up with the rest of the auto industry's offerings in the weeks before the November election, but resurgent fuel prices should keep the gas-electric cars popular. In Autopia.
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According to industry analyst Trilby Lundberg, the average combined national price for all grades of gasoline dropped to a $1.99 between Nov. 5 and Friday.
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U.S. sales for General Motors Corp.   and Ford Motor Co. were stuck in the slow lane in  May, hurt by gas prices and soft demand for large sport utility  vehicles, even as Japanese rivals raced ahead, analysts said on  Tuesday.
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Russell Long already owns a pair of fuel-efficient hybrid cars -- a Toyota Prius and a Honda Civic -- but his dream car is not on the market yet: a zippy number he could plug in to recharge at night that would get over 100 miles per gallon.
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Disappointing retail sales and oil prices that threatened to top $53 per barrel sent stocks lower Thursday as investors worried that rising energy costs could further hamper consumer spending.
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Retail chains reported sales gains in May as warmer weather helped them rebound from a dismal April, but the results were weaker than a year ago, signaling to some that rising gas prices and a slowing housing market are taking their toll.
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US average retail gasoline prices fell more than 10 cents a gallon over the last two weeks due to more abundant crude oil supplies and mainly lower oil prices, according to an industry analyst.
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By BREE FOWLER NEW YORK - The increased demand for &quot;green&quot; vehicles is spilling over to the rental car counter, where many more drivers will soon be able to choose a hybrid vehicle. Hertz Global Holdings Inc.
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Products like gas, used cars and childrenâs clothing dropped, canceling out inflation in other categories.
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OVERLAND PARK, Kan. - Selling gas at 19 cents per gallon brought in a lot of business for George Riley's gas station last weekend. If only Riley had planned it that way.
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Gas prices have dipped slightly since last month, but the good news at the pump might not last, an industry analyst said Sunday.
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Honda Motor Co. yesterday said it will discontinue the hybrid version of its Accord sedan, citing disappointing sales.
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French researchers say hybrids like the Toyota Prius are more hype than substance and may be keeping truly sustainable alternatives to internal combustion from reaching the market.
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Weak housing market hurting demand for power tools.
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Ford Motor Co.  posted lower May  sales on Friday, while rivals Nissan Motor Co. and Chrysler  Group eked out small gains amid high gas prices and concerns  about U.S. consumer confidence.
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The average price for a gallon of gasoline in the United States fell more than 3 cents over the last two weeks as retailers and refiners saw shrinking margins in an oversupplied market.
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Sales of hybrid vehicles rose 28  percent in 2006 but growth in the segment dominated by Toyota  Motor Corp.'s (7203.T) Prius is starting to slow, according to  retail sales data released on Monday.