Pre. Settlement | N/A |
Settlement date | 2026-01-30 |
Open | 2.0534 |
Bid | 2.0329 |
Last price | 2.0663 |
Day's range | 2.0534 - 2.0534 |
Volume | |
Ask | 2.0859 |
SHANGHAI (Reuters) -China's BYD launched on Tuesday the latest version of a plug-in hybrid technology that improves fuel and cost savings, intensifying competition with the likes of Toyota and Volkswagen that still sell mainly gasoline cars. BYD's chairman Wang Chuanfu unveiled the fifth generation of the hybrid technology that achieves a record low fuel consumption of 2.9 litres per 100 km (62.1 miles) on depleted batteries at an event in Shaanxi province's capital Xian. With a fully charged battery and a full gasoline tank, the technology can ensure a driving range of 2,100 kilometers, Wang said in the city where the company's first automaking factory was located.
Most Americans are hoping gasoline prices don’t go over $4 this summer. Chevron and some other top gasoline producers in the state are fighting it aggressively, saying the move will backfire and potentially cause prices to rise even more. California’s attempts to find new ways to lower its sky-high gas prices highlight the state’s tricky transition to cleaner transportation fuels.
The Biden Administration is selling gas reserves ahead of July 4 in part to improve prices at the pump this summer. The 1 million barrels of gasoline stored in Maine and New Jersey are dwarfed by the nearly 350 million barrels of crude oil stored in the U.S. Strategic Petroleum Reserves. The Biden administration plans to sell nearly 1 million barrels of gasoline just in time for the summer driving season.