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Higher gas prices? Blame ethanol

MarketWatch reported today that the price of ethanol has seen a 30-percent price increase so far this year, taking the price of gasoline up with it, since a good majority of "gasoline" sold today is around 10 percent ethanol. The average price of a gallon of gas today is $2.30, according to FactSet data, but this has varied since the beginning of 2014. Despite the recent surge, ethanol prices have also proved to be rather volatile with reports of it dropping 8 percent this past Thursday after falling 10 percent just the day before.

Michael Schumacher tests 2015 Mercedes C-Class

Formula One ace Michael Schumacher was back behind the wheel of a Silver Arrow in a new Mercedes C-Class video this week. He is testing the autonomous features such as pre-braking, lane keeping and radar cruise control. Mercedes director of driver assistance systems Jochen Hermann talks us through the video, with Schumacher behind the wheel, starting with the Distronic Plus system.

Volvo to unveil new SUV tomorrow [w/video]

Volvo will premiere a mystery new vehicle tomorrow after releasing a series of three teaser videos. The highly ambiguous videos, which give few details of the car, all feature members of the band Swedish House Mafia, which end with the words "Leave The World Behind" and the date of its official debut. You can catch sight of the vehicle in the distance during the second video (left), however, which looks to be the rumoured XC40 compact crossover, rather than the larger XC90 SUV.