05-09-2018, 03:05 PM
|
#155 (permalink)
|
Batman Junior
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
Posts: 22,527
Thanks: 4,078
Thanked 6,976 Times in 3,612 Posts
|
counterpoint...
Americans are shrugging off higher gas prices...
Quote:
So how will higher fuel prices impact consumer behavior? Ironically it could support demand for more crossovers, modern SUVs and trucks.
The average car on the road today gets lower gas mileage than the average new compact SUV. If you’re feeling pain at the pump, you might be inclined to replace that old clunker while inventories are high, interest rates remain lower than they will be and incentives remain plentiful.
Yes, it may seem ironic, but a lot of Americans can shrug off increasing fuel costs (and help the environment) if they go out and buy a new truck.
|
http://thehill.com/opinion/finance/3...her-gas-prices
|
|
|