Gas prices primed to skyrocket?
Another hurricane could blow hybrid vehicle sales much higherOil prices are back up over $60.00 per barrel, and those prices could easily continue to trend higher, rather than lower. Yet, the spring and summer driving season hasn't even begun to heat up. Unfortunately, the tension in the Middle East, on the other hand, only continues to boil as the U.S. and Iran engage in Persian Gulf war exercises. In addition, there is an election coming up in Nigeria that could dramatically escalate violence there if rebels feel cheated. Still, aside from all the geopolitics threatening the price of oil, one good storm in the Gulf of Mexico could make $70 oil and $3.00 gas, seem like the good ole days.
So, if you've been checking out hybrid cars, but you've felt a little unsure of your investment, don't worry. Oil prices appear primed to keep your investment quite secure. Now, if we could just get Congress to extend tax credits for Toyota hybrids.
Labels: Hybrid Vehicles, tax credits



1 Comments:
A good place to debate rising gas prices (and generally depress you if you're easily swayed) is The Oil Drum.
Mike
Post a Comment
<< Home