[ExitPurgamentum]

if the price is $3.00 a gallon, and it certainly won't comfort me if the price goes to $5.00 per gallon or more in the next couple of years.

Most people disagree: July sales of SUVs were very strong.

[rockthecasbah]

"July sales of SUVs were very strong"

That probably had more to do with price cutting by automakers. At some point, there will be demand destruction due to high oil prices. We just haven't seen it yet. What will it take? $60, $70 or $100 per bbl?

[Brilliant]

You can buy an SUV very cheap right now. That's why they sell so many of them. I tried to trade mine in a month ago. Paid $35,000 for it 5 years ago. They wouldn't even give me $3,000 as a trade in, and that was assuming that it was in good condition.