Sunday, February 27, 2005

Gasoline forecast a cloudy one

Gasoline prices are becoming a concern for many American drivers. Those who live in big cities do not get as pressured to pay the high prices for gas because of other substitutes, such as trains and buses. However, substitutes are more difficult to find in small towns where one must drive to get to an area that has bus stops or subways. This increase is good for its substitutes' sales, what about its compliments' sales? Will gas prices have a heavy impact on car sales? Will people bite their lip and continue to pay the high prices in hope that a decrease in gasoline happens soon? Though many people complain about this annoying increase, how many actually decrease their driving to decrease gas revenue?

1 comment:

Morgan K said...

I think that the only people who are actually hit very hard with the gasoline price increase are those who live from paycheck to paycheck. Others will cut back in other areas such as savings or luxuries. I have noticed that not many people are changing their driving habits, and continuously make random, pointless drives to wherever. However, after awhile, it may get to that point where we only drive when we NEED to, but now many of us are just not to that point yet.