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The Hummer is back. Thank falling oil prices.
The Washington Post ^ | November 10, 2014 | Chico Harlan

Posted on 11/11/2014 1:11:32 AM PST by Cincinatus' Wife

"......Some American consumers and business owners say they weren’t yet confident cheaper prices at the pump would stick. Instead, they say, they are treating the sub-$3 gas as a helpful little gift, but not as a green light to make major adjustments.

“When gas was up around $5, it was killing us,” said David Grant, 50, of Fairfax, who owns a regional pest management company and spends several thousand monthly in fuel for his fleet of Ford F-150s. “I went ahead and raised my prices on everybody else.”

This time, Grant said, he’s not lowering those prices, nor is he immediately reinvesting the savings. “It’s not enough yet to make some huge difference,” he said.

But others, particularly car shoppers, have already shown signs of being influenced by the cheaper oil prices.

One measure is the share of “trucks” — including pick-ups, SUVs and crossovers — among total vehicles sold. Before the financial crisis, trucks almost always outsold cars, in some months grabbing as much as 59 percent of the market. Post-recession, the industry has flip-flopped; cars are more popular.

But not in recent months. In September, the truck market share was 53.5 percent. In October, it was 53.6. That is the best sustained two-month stretch since 2005....."

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: economy; energy; gasoline; hummer; jobs; oil
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Cheap energy = expanding economy - jobs!

Kill EPA's free hand to destroy!

Kill green regulations!

Starve the lawyers and free up America's economic engine!

1 posted on 11/11/2014 1:11:32 AM PST by Cincinatus' Wife
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To: Cincinatus' Wife
It's a wash, imo

The winter formulation is less efficient so I burn more to go less.

2 posted on 11/11/2014 1:15:35 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: Cincinatus' Wife

I thought this was about Bill and Monica.


3 posted on 11/11/2014 1:17:42 AM PST by Cowboy Bob (They are called "Liberals" because the word "parasite" was already taken.)
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To: Cincinatus' Wife

I don’t think prices have fallen around here.


4 posted on 11/11/2014 2:40:34 AM PST by TigersEye (ISIS is the tip of the spear. The spear is Islam.)
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To: TigersEye

Great. Short term thinking comes into play once again...


5 posted on 11/11/2014 2:51:54 AM PST by Netz
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To: Cincinatus' Wife

I myself never liked the Hummer as a SUV. It screams "Give me Attenion! Mine's Bigger!"

Known a few people that drove one, and yup - that was them.

6 posted on 11/11/2014 3:46:53 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Netz

What?


7 posted on 11/11/2014 3:49:35 AM PST by TigersEye (ISIS is the tip of the spear. The spear is Islam.)
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To: SkyPilot

IIRC, the Hummer fit in a tax credit category (over 6000lbs) for a vehicle used for business purposes or something like that. Anyway, the deal was that nearly the entire cost of it or similar could be written off as a tax credit. That’s a big deal, especially if you owned a business on which you could claim it. I don’t believe that credit is still available, though.

I am not certain, but I believe the tax credit was some behind the scenes scheming to benefit the company.


8 posted on 11/11/2014 4:25:16 AM PST by Gaffer
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To: knarf
"The winter formulation is less efficient so I burn more to go less."

I generally get much better mileage in the winter...mostly because in south central Louisiana, it's the only season I don't drive with the AC blowing at full tilt :-)

9 posted on 11/11/2014 4:28:46 AM PST by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: Cincinatus' Wife
Cheap energy is the key to economic development.

Imagine oil at $60/barrel or $40 or $30. The benefits compound as prices fall.

10 posted on 11/11/2014 4:52:56 AM PST by Former Proud Canadian
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To: TigersEye
I don’t think prices have fallen around here.

Where is here?

11 posted on 11/11/2014 4:53:20 AM PST by thackney (life is fragile, handle with prayer.)
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To: All

conventional summer-blend gasoline contains 1.7 percent more energy than winter-blend gas, which is one reason why gas mileage is slightly better in the summer. However, the summer-blend is also more expensive to produce, and that cost is passed on to the motorist.

http://newsroom.aaa.com/2013/06/what-is-the-difference-between-summer-and-winter-blend-gasoline/


12 posted on 11/11/2014 4:55:41 AM PST by thackney (life is fragile, handle with prayer.)
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To: Cincinatus' Wife

you know... I don’t care if gas is free... I just dont like hummers !


13 posted on 11/11/2014 5:16:59 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: thackney

Diesel is up 50 cents/gal in the last few weeks.


14 posted on 11/11/2014 5:27:31 AM PST by Paladin2
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To: Paladin2
Not nationally or in my region.

Image and video hosting by TinyPic

Image and video hosting by TinyPic

15 posted on 11/11/2014 5:34:52 AM PST by thackney (life is fragile, handle with prayer.)
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To: Cincinatus' Wife

Gas prices here is 2.75/gal.


16 posted on 11/11/2014 5:46:28 AM PST by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: Netz
Great. Short term thinking comes into play once again...

You tend to your finances the way you feel is right and let those who can afford the Hummers to tend to theirs the way they are comfortable with - usually works better that way.

17 posted on 11/11/2014 5:47:09 AM PST by trebb (Where in the the hell has my country gone?)
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To: ExCTCitizen

$2.57 down the street from me.


18 posted on 11/11/2014 5:48:34 AM PST by thackney (life is fragile, handle with prayer.)
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To: Gaffer

My understanding was that it was unintentional. The tax credit was part of the incentive to get businesses to buy new trucks. Delivery trucks in particular. I know several lumber yard/ home centers that purchased new trucks that year because of the depreciation incentive. However, there were four SUVs that fell under the law. The Escalade, H2 Hummer, Lincoln Navigator and one other I can’t remember.
Many dentists, lawyers, CPAs and other small business owners bought them after it became public knowledge of the tax advantage.

I know a guy who owned a hair salon that bought the very first H2 Hummer sold in the northeast. It was stolen about a year later when he drove it to Montreal.
The vehicle was located about six months later in South Africa. No BS, he was contacted by Interpol.


19 posted on 11/11/2014 6:25:31 AM PST by woodbutcher1963
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To: woodbutcher1963

Okay....I’ll take your word for it....I believe it was the 6000 lb gross wt thing, though....


20 posted on 11/11/2014 6:28:39 AM PST by Gaffer
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