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Automotive News & Views How does gas at $4 and higher impact you?
2175 messages, Last post on Nov 05, 2009 at 3:05 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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in several months, gas is up - the average price is up $0.12 from a month ago, still only $1.78 though. Here in the Bay Area our average price is $2 right on the button. Very manageable.  I think if gas gets back to $3 this coming summer, it will put the squeeze on many folks much more than $4.50 gas did last summer, and those dealers who are hanging onto a bunch of Priuses may live to cheer their decisions to load up on them now while things are slow. But I could well be wrong. That's the great thing about Edmunds, you can speculate and have 25 people remind you how wrong you were later on! Except perhaps for the May-July period last year, I would think most Prius purchases were calculated and intentional, and those buyers are not regretting their choices now even though the price of gas is at 5-year lows. Remember, only 1 of the 3 reasons people buy those cars is to save money - they also do it to (1) make an environmental statement, or (2) reduce imports of foreign oil because they feel it is a national security issue.
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Replying to: nippononly (Jan 12, 2009 7:12 am) |
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Is FedEx expecting fuel prices to go up? They have been charging a fuel surcharge for the past 2 years and continue to charge it even when gas was $1.50 per gallon. Could it be aviation fuel is still high? More than likely customers become accustomed to the surcharge in the delivery price.
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Replying to: guss (Jan 12, 2009 8:13 am) |
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A reporter from a large national newspaper would like to talk to consumers about why they chose the vehicle they purchased. If you are interested in speaking to the reporter, please contact ctalati edmunds.com no later than January 16, 2009.
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Replying to: nippononly (Jan 12, 2009 7:12 am)
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Replying to: boaz47 (Jan 12, 2009 1:34 pm) If the economy keeps going the way it is going people won't be buying bread let alone cars. My BIL works for a manufacturing plant which was sold by GE to a private equity firm (same deal as Chrysler being bought by Cerbrus). They just told him that they are cutting his wages by 40% and making him do the work formerly done by 3 people. His union is fighting it but he doesn't have much hope for a happy ending. There is one person who won't be buying anything soon. I can't see gas going back up to $4 with the economy in the dumper. People were drained of all their reserves this summer. They simply don't have the money.
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Replying to: oldfarmer50 (Jan 12, 2009 4:12 pm) Agreed. Most of us will be sticking close to home this summer. I'd be surprised if gas prices in my neck of the woods (downstate NY) hit $2.50/gallon.
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Replying to: jimbres (Jan 12, 2009 4:24 pm) You know gas is till pretty cheap relative to other things, even at $3.00/gal. I mean if you're going on vacation, a decent rental at the beach is at least $1,500 for the week, meals for a day for a family of four are $125(?), and then throw in some ice cream and mini-golf. Gasoline really isn't much of a vacation budget. Plus for anybody who has a newer car, it seems pretty strange to have a vehicle worth $10K, $20K, or $30K sitting out in the driveway and then saying you can't afford the $50 to fill it up. You might as well buy an Armani suit and then sit in your house and watch wrestling in it. 
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Replying to: boaz47 (Jan 12, 2009 1:34 pm) |
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