Afternoon Coffee: Gasoline Prices Sink as Supplies Rise, NHTSA Expands Takata Investigation

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Rising supplies have pushed gasoline prices down this week. AAA reported the national average price of gasoline has fallen to $2.25 a gallon, the lowest since February. The Wall Street Journal also said gasoline futures dropped to a six-year low of $1.25 on Monday.

The National Highway Traffic Safety Administration said it would add more auto manufacturers to its investigation into Takata Corp air bag inflators. NHTSA chief Mark Rosekind said more details would come Thursday.

Oakland is weighing a proposed deal that would give coal-producing counties in Utah rail access to a shipping terminal being developed on city land. The coal would then be shipped overseas. But environmental groups are trying to block the project and are calling on Gov. Jerry Brown to oppose it.

SAP announced it now has more than 1,300 customers for its SAP Business Suite 4 SAP HANA. The suite was launched in February.

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