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Automotive News & Views How does gas at $4 and higher impact you?
2183 messages, Last post on Nov 21, 2009 at 5:13 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: larsb (Oct 14, 2008 2:17 pm) It's not that GM didn't foresee the recent spike in gas prices, although, long term, I believe that the housing bust and tightening of credit standards will have the more permanent impact on Americans' vehicle choices. It's that GM put ALL of its eggs in the light truck and luxury car basket. The Corvette, Tahoe, Silverado, CTS and Escalade are great vehicles. Unfortunately, with the G6, Aveo and Cobalt, you can tell that GM was pretty much phoning it in when it developed those vehicles. With Honda, on the other hand, one gets the impression that management takes the Fit and Civic as seriously as it does the Pilot and MDX. Same with Toyota regarding the Yaris and Corolla versus the Tundra or 4Runner. The first approach works if gas is $2 a gallon, but if gas goes to $4 a gallon, the company is in big trouble. The second approach works whether gas is $2 a gallon, or $4 a gallon. |
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Replying to: oldfarmer50 (Oct 14, 2008 3:05 pm) I never made any predictions on the price of oil. And the only prediction I ever made on gas is that we will never hit $2 as a USA average and I still hold to that belief. |
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Replying to: larsb (Oct 15, 2008 6:04 am)  The chances of $2 gas in CA is slim. Many parts of the USA do not have 70 cents tax on each gallon of gas. Brent just hit $70 per barrel. Wholesale gas is $1.81. We should see gas in many parts of the USA down in the $2.35 range within a couple weeks. Last year this time the price was headed up. This year it is going down. I do think oil under $65 would slow down exploration.
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From the Philadelphia newspaper: http://api.aggregateknowledge.com/cp?t=www.philly.com%2Fphilly%2Fbusiness%2F3083- 4309.html&f=http%3A%2F%2Fwww.philly.com%2Fphilly%2Fopinion%2F30996159.html&rg=13- 57&sid=306&rid=391&a=8964&p=0&s=DE&rt=RECOMMENDATION&i=504 |
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Replying to: gagrice (Oct 15, 2008 6:31 am) $2 gas in BumFrick Indiana and no place else does not mean we got $2 gas back. $2 gas means most of America can buy it for $2. $2 gas means the EIA and AAA both rate the USA Average price at $2 or below. THAT'S the metric I'm using. |
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Replying to: dave8697 (Oct 14, 2008 5:20 pm) The world went thru price shocks and shortages in the 70's, 80's and around the 1st Gulf War in '91. People downsized to 4 cyl 40mpg Escorts, Chevelles and such. But when gas-prices moderated people trended back to larger, more powerful vehicles, which the manufacturers then saw the trend for. You don't have 40mpg, 2000Lb Ford Escorts and Chevy Chevelle type cars being sold. People with 50 mile commutes though really do need to bet on high-prices and stay efficient.
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Replying to: kernick (Oct 15, 2008 7:11 am) |
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Replying to: gagrice (Oct 15, 2008 6:31 am) Look at that post from March. You gave up your $2 pipe dream. 
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Replying to: larsb (Oct 15, 2008 7:28 am) |
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Replying to: larsb (Oct 15, 2008 6:04 am) Post #65--July, 16 2008 (3:23 pm). larsb wrote: "The average USA price today rose to another ALL - TIME HIGH of $4.114. What in the WORLD could happen to make gas lose $1.114 a gallon in the next 120 days? It would require an oil price drop of at least 25% by September and have oil not go back up. And demand would have to DROP significantly worldwide. Be specific in what you think could happen to make it drop 27% in 120 days!!!" That was your response to a poster who predicted $3 gas by November. Sounded like a prediction of what would NOT happen but still a prediction. BTW, oil is down to about $75 today. ( That's down 49% in 97 days) COME ON $2 GAS! 
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