Gasoline Prices Hit Eight-Month Low
by Steven Mufson (Washington Post) …But long-term trends — such as improvements in the fuel efficiency of American autos — played a part too, other analysts said. A steady increase in the biofuels component of U.S. motor fuel is another reason; the four week average for ethanol production ending Aug. 13 was 854,000 barrels a day, up nearly 18 percent from a year ago and now more than 9 percent of the volume of motor fuel, according to the Renewable Fuels Association. READ MORE