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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.

Donato Coco Appointed Director of Design for Lotus Group

After his non-publicized departure from Ferrari earlier this year, in which Flavio Manzoni was appointed to take his place, Donato Coco has now resurfaced. Lotus has announced Coco's appointment to Director of Design for Group Lotus starting January 4, 2010. In this newly created role, Coco, an Italian national, will lead all Lotus Design activities for Lotus Cars and Lotus Engineering.

MINI miffed at Spy Photos of 2014 MINI Hatch

MINI has released their own ‘Spy’ shot of the 2014 MINI hatch (pictured above) The rise and rise of the internet in recent years has seen the once niche market for spy photos of unreleased cars go mainstream, and whether car makers like it or not they can be sure the moment they take their new pride and joy on the road it will be papped and online. Most unrevealed cars go out testing covered in swirly camouflage and padded add-ons to disguise shape and form, but this week a 2014 MINI hatch was snapped with no disguise at all, and it didn’t look great. It didn’t look great because the photo was taken from such a distance it distorted perspective and made the new MINI look a very odd shape.