Wow, what a novel concept....
Prices rise. Demand falls. Prices drop.
And demand will continue to drop as less and less people buy v8's and even v6's. The car market for gas guzzlers, if not dead, is near dead. The cars that are moving are the 4 cylinders and the hybrids, that from a sales manager at a major Southern California auto dealer.
Here's a tip to reduce demand even more; Drive the speed limit. I've moved from the left lanes to the right, dropped 10-15 mph, and save far more gas than I imagined.
Must be 15-20%.
yeah as if californians need more cars! Ever hear about a bus?
As someone who was part of the auto industry from 1979 thru 1995 I can tell you this is exactly what was said during the gas crunch of the late 1970's. Inflation adjusted gasoline prices today are not that much higher then they were in 1979('79 gasoline inflation adjusted would be $2.66 today) and when the improved (much improved) efficiency of todays vehicles is factored in then the cost of gasoline may very well be LESS then it was then. Bottom line is people will soon get over the shock of todays gasoline prices as they realize we are still paying only half of what Europeans pay. With more and more hybrids coming to market the outlay consumers must make for fuel will diminish relative to the miles they drive.
I have noticed for years that any time an auto review would bash a 4 banger and suggest that this car needs a v-6. Now they are singing a very different tune.