Latest News From Bumper to Bumper Radio

Pump Prices Edge Higher on Oil Market Volatility

WASHINGTON, D.C. (April 25, 2022) — The recent dip in pump prices has reversed, with the national average for a gallon of regular gas rising four cents over the past week to $4.12. Upward pricing pressure on concerns that less Russian oil will enter the global market is countered by fears of a COVID-induced economic slowdown in China, the world’s leading oil consumer. These opposing forces are causing the oil price to hover around $100 a barrel.

“As long as the price of oil stays elevated, the price at the pump will struggle to fall,” said Andrew Gross, AAA spokesperson. “Consumers may be catching a little break from March’s record-high prices, but don’t expect any dramatic drops.”

According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by nearly 1 million bbl to 232.3 million bbl last week. Gasoline demand increased slightly from 8.73 million b/d to 8.86 million b/d. Although supply and demand factors would have typically supported elevated pump prices, the fluctuating oil price continues to be the main factor influencing prices at the pump.

Glen Hayward of Good Works Auto Repair was on Channel 3 News discussing ways you can save money on gas by making sure your tires are inflated and planning your trips.

Toyota Celebrates 7 Millionth Toyota Certified Used Vehicle Sale

MOUNT LAUREL TOWNSHIP, NJ, March 14, 2022 -- Toyota Motor North America marked another milestone with the sale of its 7 millionth Toyota Certified Used Vehicle (TCUV) to Wayne Maver Jr. The 20-year-old from Vincentown, New Jersey, purchased the 2019 Toyota Camry from Holman Toyota.

To celebrate the purchase, Toyota presented Maver Jr. with a check for the total purchase price of the Camry. The dealership and automaker also made a $5,000 donation in his name to the American Bladder Cancer Society, an organization dedicated to raising awareness of bladder cancer and advocating for research into a cure, treatment, early diagnosis and quality of life issues of survivors.

"I wasn't expecting anything like this," Maver said during the check presentation. "I purchased this Camry because of its reliability, and I knew it would last a long time. Now knowing I don't have a car payment is just incredible, especially as I'm just starting my career. I have an uncle that battled bladder cancer, so Toyota making the donation to the American Bladder Cancer Society means as much to me as paying off my Camry."

More American Car Shoppers Consider Going Green as Gas Prices Climb to Record Highs

SANTA MONICA, Calif., March 10, 2022 -- More Americans are researching green vehicles as gas prices climb to record levels, according to the experts at Edmunds, an online car shopping resource that generates more than 20 million visits every month. On-site shopper consideration of green vehicle (hybrid, plug-in hybrid and battery electric) pages on Edmunds jumped 39% over the past month[1] and increased 18% over the last week[2]. Of the shoppers who visited Edmunds during the week ending March 6, 17.9% researched a green vehicle.

Edmunds analysts estimate that green vehicles made up 6.2% and battery electric vehicles (EVs) 2.6% of all new vehicle purchases in 2021. In 2020, they estimate that green vehicles made up 4.2% and EVs 1.9% of all new vehicle purchases.

On-site shopper consideration of green vehicle pages on Edmunds jumped 39% over the past month

$4 Gas the Tipping Point for Most Americans

New survey finds 59% of Americans will make lifestyle changes as gas reaches record highs

ORLANDO, Fla. (Mar. 10, 2022) – New survey data from AAA finds that two-thirds of Americans felt gas prices were too expensive just a few weeks ago at $3.53 per gallon. Now with the national average at an all-time high of over $4, Americans may have reached a tipping point. Over half (59%) said they would make changes to their driving habits or lifestyle if the cost of gas rose to $4 per gallon. If gas were to reach $5.00, which it has in the Western part of the country, three-quarters said they would need to adjust their lifestyle to offset the spike at the pump.

Among Americans who said they would make changes in response to higher gas prices, a majority (80%) said they would opt to drive less, with some differences among age groups:

Bumper Audio Clip of the Week

Bumper to Bumper helps a listener prioritize which repairs her vehicle needs.