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What Does Nascar Stand For ?

What Does Nascar Stand For ?

NASCAR is an acronym that stands for National Association for Stock Car Auto Racing. William France Sr., a mechanic was the pioneer of NASCAR. He had the vision to believe that people might enjoy watching stock cars participate in competitive racing. The birth of NASCAR was at a meeting held on February 21, 1948.

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US Bio Ethanol Regulations

US Bio Ethanol Regulations

In 2007 global production of ethanol was around 62 million cbm (cubic meters). Of this, approximately 80 percent or 49.5 million cbm was used in fuel applications. The US leads the world in production at 25 million cbm with Brazil following close at 20 million cbm. Bio-ethanol in the US is used primarily as a 10 percent additive with petrol.

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Latest Gasoline Prices

Latest Gasoline Prices

Fluctuation in the prices of gasoline depends on its production capacity. Low or falling surplus production capacity leads to a tight market and firming prices. Conversely, a high and rising surplus production capacity leads to a loose market and weakening prices. The OPEC generally holds most of the world’s available surplus crude oil production capacity, with the ability to manipulate production levels to influence oil prices and orchestrate market conditions.

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