Auto News for March 16 – Good News on Gas Prices Short Term

 After remaining relatively flat, AAA said the national average price for regular unleaded gasoline has now fallen for 10 straight days to today’s average of $2.30 per gallon. The national average is one cent less than one week ago and two cents more than one month ago. Compared to this same date last year, consumers are paying 37 cents more per gallon at the pump.

 Gas prices may continue to drop in the near future due to declining crude oil prices and a well-supplied market, but will begin to creep up again over the next month due to seasonal refinery maintenance and the May 1 required switchover for producing summer-blend gasoline, said AAA in its latest report.

 General Motors will add or retain approximately 900 jobs across three Michigan facilities during the next 12 months. Earlier this month, GM said it would cut about 1,100 jobs in May when it eliminates a third shift at its plant in Lansing, Mich. So this latest announcement will be a relief for many.

 Acura announced that it first hybrid SUV, the MDX Sport Hybrid will arrive in showrooms early next month. It will carry an MSRP of $51,960 a premium of $1,500 over the existing non-hybrid. Look for 321 horsepower and 289 lb.-ft. of torque, up 31 horsepower over the non-hybrid MDX, making it the most powerful Acura production SUV ever built. EPA fuel economy ratings of 26/27/27 mpg (city/highway/combined) are up 8/1/6 mpg over the non-hybrid variant.

 Jaguar has driven its concept electric vehicle – the I-PACE – on the streets of London for the first time. Jag hopes to release the production version in 2018. Look for a 0-60 in about four seconds with a range of 500 kilometers or 310 miles for its first electric offering.

 

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