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Log inGas cheaper, but Americans wiser
Gas cheaper, but Americans wiser
by Outspoken on Sat Oct 11, 2008 5:25 pm
Gas cheaper, but Americans wiser
The Associated Press
DENVER — Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?
Experts say no because most drivers assume the dip in prices will be short-lived, and motorists have adjusted their habits accordingly.
“We’ve been through almost eight years of continuously rising gasoline prices,” AAA spokesman Geoff Sundstrom said. “Any notion that this is a temporary thing has pretty well been erased.”
New technologies are emerging fast with electric cars expected to hit the market in a couple years. But the question is no longer when gas prices will fall, but when will the next spike come.
“Everywhere you go, be it the store, the diner, whatever, you hear people talking about their gas costs and how they need to cut back,” said David Robinson, 67, while a friend filled up in Lakewood, N.J. “You still hear it, even though gas keeps dropping.”
Even automakers that have long relied on big trucks for profits are moving in a new direction.
Ford Motor Co. is changing from a truck to a car company in North America. General Motors Corp. is closing four factories that make pickup trucks and sport utility vehicles. It will open a new plant to make four-cylinder engines for the Chevrolet Volt electric car and Chevrolet Cruze compact.
The shift in consumer behavior was noted by AAA in December, when vehicle miles traveled began to slip. Regular gasoline had just risen above $3 a gallon during a month when gas prices usually fall.
By July, regular unleaded gasoline set a record national average of $4.11 a gallon.
The slackening demand for fuel is backed up by industry analysts, who say there has not been such a drastic shift in driving behavior in decades. Demand for gasoline dropped 6 percent over a couple months.
“For most of this decade, we’ve seen uncertainty manifest itself in the oil markets in terms of supply,” said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N.J. “This is probably the most depressive period” consumers have seen in a generation.
Gas prices fell again Friday to a national average of $3.35.
http://www.bangordailynews.com/detail/90921.html
BANGOR DAILY NEWS PHOTO BY BRIDGET BROWN
The Associated Press
DENVER — Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?
Experts say no because most drivers assume the dip in prices will be short-lived, and motorists have adjusted their habits accordingly.
“We’ve been through almost eight years of continuously rising gasoline prices,” AAA spokesman Geoff Sundstrom said. “Any notion that this is a temporary thing has pretty well been erased.”
New technologies are emerging fast with electric cars expected to hit the market in a couple years. But the question is no longer when gas prices will fall, but when will the next spike come.
“Everywhere you go, be it the store, the diner, whatever, you hear people talking about their gas costs and how they need to cut back,” said David Robinson, 67, while a friend filled up in Lakewood, N.J. “You still hear it, even though gas keeps dropping.”
Even automakers that have long relied on big trucks for profits are moving in a new direction.
Ford Motor Co. is changing from a truck to a car company in North America. General Motors Corp. is closing four factories that make pickup trucks and sport utility vehicles. It will open a new plant to make four-cylinder engines for the Chevrolet Volt electric car and Chevrolet Cruze compact.
The shift in consumer behavior was noted by AAA in December, when vehicle miles traveled began to slip. Regular gasoline had just risen above $3 a gallon during a month when gas prices usually fall.
By July, regular unleaded gasoline set a record national average of $4.11 a gallon.
The slackening demand for fuel is backed up by industry analysts, who say there has not been such a drastic shift in driving behavior in decades. Demand for gasoline dropped 6 percent over a couple months.
“For most of this decade, we’ve seen uncertainty manifest itself in the oil markets in terms of supply,” said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service in Wall, N.J. “This is probably the most depressive period” consumers have seen in a generation.
Gas prices fell again Friday to a national average of $3.35.
http://www.bangordailynews.com/detail/90921.html
BANGOR DAILY NEWS PHOTO BY BRIDGET BROWN
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Plato (427-347 BC)
Plato (427-347 BC)
