$2.51 gas: When will it be $4.00?
Under $2.00 before $4.00?Today, gas prices are already higher than most were predicting only a few months ago. While most energy analysts and traders foresaw a normal, seasonal bump in gas prices, the quick spike in both gas and oil prices has surprised most. However, as markets are often driven by psychology, many are now calling for a sustained rise in oil prices.
Of course, most - if not all - are only predicting a further, marginal rise in prices. $4.00 gas will not happen this year without the help of a very nasty hurricane season or some violent attack in an oil-important country.
Is a temporary $3.00 gas scare enough to re-ignite American interest back towards fuel economy? Can $3.00 gas create another huge spike in the sale of hybrid cars?
I'd say it's doubtful. Moreover, as we head into fall and winter, gas and oil prices are almost certain to subside a bit. Yet, this year feels much like the few years preceding the 2008 gas spike - when companies like GM and Chrysler claimed $4.00 gas came surprisingly and unbelievably fast - despite the steady methodical increase in prices year after year.
Are we heading into the same trap again? Is $4.00 gas far closer than we think it is?
Labels: gas prices, Hybrid Vehicles
posted by Dahcredyns at
8:23 AM
4 Comments:
"Is a temporary $3.00 gas scare enough to re-ignite American interest back towards fuel economy? Can $3.00 gas create another huge spike in the sale of hybrid cars?
I'd say it's doubtful."
I think it's more than enough. One spike could be written off as a freak occurrence caused by greedy speculators, but a second spike a year later is going to strongly reinforce the notion that gas price instability is here to stay.
it's debatable. i think if we could touch $3.00, a lot of people would take notice. i still don't think it would create a real shift towards fuel economy however. i think that takes at least $3.50.
I never thought Id want to see 3.oo+ a gallon gas but yes since Americans are so short sighted, you have to lead them by the nose repeatedly before you get them into a conscious awareness/realization that 'green' is an integral imperative for the species children to survive in a world of peace. The alternative is truly unthinkable and would make Darfur, Iraq, 9/11 look like the tiny bubbles in a mile high tsunami that will most assuredly extinguish humans from the planets future, I truly kid you not.
it's interesting, $3.00 gas causes less driving, which means less federal gas tax revenue. that means we don't have enough money to fix bridges and roads. instead, the government has to fork out taxpayer funded stimulus money to make up for what the gas tax couldn't achieve.
isn't it all, however, still just a tax?
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