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High Gas Prices Give Economy a Headache
High Gas Prices Give Economy a Headache
ANALYSIS

High Gas Prices Give Economy a Headache

Main Street and Wall Street finally admit financial pain

(Newser) - Oil prices gushed for 5 years, but the US economy remained blissfully unaffected—until now, the Los Angeles Times reports. Rising gas prices have finally spooked consumers and sparked ominous news from two major airlines, Ford, and even memory card maker SanDisk. “The economic outlook has been taken hostage...

SUVs Plunge in Value as Drivers Turn to Smaller Cars

Downsizing is in as pump prices start to pinch drivers

(Newser) - SUVs are falling out of fashion fast as gas prices go through the roof, CNN reports. As drivers downsize to more fuel-efficient vehicles, gas-guzzlers are filling up used-car lots—but there aren't many buyers. The biggest SUVs—like the Cadillac Escalade, Ford Expedition, and Chevy Suburban—are dropping in value...

GPS Network Aims to Beat Traffic Jams

New unit pools data from cars to warn of congested roads

(Newser) - You may soon be able to evade a traffic jam with a little help from your fellow driver, the Washington Post reports. California start-up Dash Navigation is launching a GPS device that collects speed and location data from vehicles, then uses the information to figure out which roads are congested...

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