31st August 2005, 2:32 PM
Undertow Wrote:I payed $2.99/ gal going home from work tonight for plus. Premium was $3.09 a gallon.
As long as people drive and vechicles need oil, there will be a plenty of demand. Perhaps Americans will learn to stop buying SUVs and F-350s and smarten up.
That's what I mean. People will still drive, will always drive. But you can bet your ass that as things go down this path, people are going to increasingly ignore vehicles that lack fuel-efficiency. I think you're going to see sales of hybrids multiply expontially over the next few years, and every 15MPG SUV that's replaced by a 45MPG Hybrid will over time reduce demand, as will high prices: Eventually they'll be too much of a strain for some people. They'll be forced to curb their use.
I don't own a hybrid, but I'm very, very happy I bought a car that gets 25 MPG right now. I can still go a month on about $40 of gas, for what little I drive.
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