Rising gas prices not as bad as last summer
The Energy Department forecasts a summer average near 2.81 dollars per gallon, about three cents below last spring. Prices may peak in May at 2.87 and ease later, with demand staying strong and travel near 400 million gallons April to September.
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Goodyear Plans China Expansion Amid Savings Strategy
Goodyear will expand China sourcing operations to boost savings, enabling about 35 million dollars in annual production cost reductions. The company will not increase tire production in China, instead sourcing tires from Asian plants to Goodyear specs.
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Keith Prige
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Goodyear Tire & Rubber Co
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la Sweal Crude
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