There has always been a history of stereotypes surrounding what kind of car you drive. If you drive a small‚ fuel efficient‚ gasoline powered vehicle you can be considered environmentally considerate and practical when it comes to cost savings on gas; whereas driving a diesel-powered truck shows that you do not care about environment with your smoky‚ loud engine and you can usually be found at a gas station fueling up. However‚ are the stereotypes correct? With advancement in clean diesel technology
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Octane Rating Octane rating is a fuel’s ability to resist detonation and is classified by three main rating types. Octane rating is the measure of how resistant is gasoline and other fuels in the combustion engines to automatic ignition. It is the measure of a fuel’s burning characteristics. It is a standard measure of the performance of a motor or aviation fuel‚ the higher the octane number‚ the more compression the fuel can withstand before detonating. In broad terms‚ fuels with a higher octane
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Gas Price Elasticity The Energy Information Administration of the Department of Energy began tracking weekly gasoline prices in 1990 by means of a survey of 800 service stations around the country. The average retail price for unleaded gasoline posted its fourth record high during the week of June 12‚ 2000‚ increasing 5 cents a gallon to an average of $1.681. The price at the pump is higher than the same period last year by 56 cents and has risen 16.2 cents over the past month (Anonymous‚ 2000)
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which is any engine that combines two or more sources of power‚ generally gasoline and electricity. There are two types of gasoline-electric hybrid cars; the parallel hybrid‚ and the series hybrid. Both use gasoline-electric hybrid technology‚ but in radically different ways. In a parallel hybrid car‚ a gasoline engine and an electric motor work together to move the car forward‚ while in a series hybrid‚ the gasoline engine either directly powers an electric motor that powers the vehicle‚ or
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changes in the gas prices. How can you explain these reactions? Gas prices are largely dependent on the forces of supply and demand. It is because this petroleum product market is relatively inelastic in its demand. Buyers have to purchase the gasoline products whoever the price would be in the market. However‚ the socio-economic response of the buyers is not as much favorable. It is because‚ in present times‚ whole the life of a person revolves around the transportation and transportation cost
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Octane Service Station On March 15‚ Julio Trevino signed a lease agreement to operate a gasoline service station that was owned by the Octane Oil Company (here after‚ simply “Octane”). Trevino had contacted the regional sales manager of Octane in response to an advertisement that solicited applicants “with $25‚000 to invest” to lease and operate a newly erected Octane gasoline service station. Trevino had been able to accumulate approximately $32‚000 for investment purposes as a result of
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the crude oil prices have increased over the years‚ attempting into this business appears profitable. According to an online blog‚ people are facing extraordinary high prices of gasoline recently‚ and they are drained. American’s spending patterns have changed which have caused us to get used to higher prices of gasoline. Evaluations show that the demand from the Asia is increasing everyday leading to higher prices. Knowing these outcomes seems like a good option to invest in gas stations which
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increase in supply‚ resulting in changes of equilibrium quantity. With all the commotion going on in the Middle East and the ever increasing demand for Oil by countries such as China and the U.S it is very easy to see why price of crude oil and gasoline keeps climbing. According to Rodney Schulz of Schulz Financial‚ “One may argue that the oil market is not efficient because a few large players‚ such as some of OPEC’s largest producers‚ have the ability to move prices. And that is true‚ as well
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that area‚ if any. It is predicted for this experiment that if there are leaking underground storage tanks below the Getty gasoline station‚ the nearby Boston Post Road and surrounding road will contain traces of the toxic substances present in gasoline because they will have permeated through the ground. Experimental Design 1. Obtain permission from the Getty gasoline station and/or other appropriate organizations for testing for contaminates at 1046 Boston Post Road. 2. Designate ten spots
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powered cars. Their carbon emissions can be worse than gasoline powered cars.” Vinod Khosla. Electric cars are supposed to be the next thing for the world because people they don’t produce coal because they don’t need gas. Electric cars are bad because of refueling time ‚ cost ‚and how it affects the environment and people. The electric car takes to long to charge. The electric car takes about 1 to 8 hours to charge the car compared to a gasoline car it takes about 1 minutes to fill up a gas tank
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