Speed Demon

This movie is "Speed Demon" and story line : In this supernatural take on The Fast and the Furious, college student Jesse returns home only to find that his old stomping ground has been overrun by a gang of street racers that dabbles in the black arts. But things take a bloody turn for the gang members when a supercharged muscle car starts running them down. Can Jesse stop the fuel-injected killing machine and unmask the mysterious driver?.