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Research Analyst
Fuel Freedom Foundation
It seems like every week another major automaker announces it will “electrify” its vehicle lineup. In just the past few months, Mercedez-Benz, Ford, Audi, Maserati, GM, BMW, and more have committed to electrification by adding more electric vehicle (EV) options to their fleet. What makes these announcements particularly intriguing is that many of the automakers are following the electrification model of Volvo. They’re not just offering a few brand-new vehicles that run solely on electricity. They’re building plug-in hybrid models that can use both gasoline and electricity, and hyper-efficient models that run solely on gasoline but utilize an electric motor… [more]
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Research Analyst
Fuel Freedom Foundation
In the wake of Hurricane Harvey, the average price of a gallon of gasoline nationwide spiked by 25 cents, with some states seeing an increase of as much as 42 cents per gallon. This is the largest increase in a single week since the 49-cent jump following Hurricane Katrina in 2005. The fact that the entire nation’s fuel infrastructure can be disrupted by a localized single event is deeply concerning. In fact, our economy is disproportionately reliant on oil —10 of the previous 11 U.S recessions were preceded by a spike in oil prices (and subsequently gasoline). Indeed, as Michael… [more]
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