Gas Prices Soar To 3 Dollars In California.
Recently, gas prices have risen to 3 dollars a gallon in California. Crude oil is selling for more than 60 dollars a barrel, and there is currently a higher demand for gas, which has increased by 3.3 percent in the last year. There is also the cost of refinery maintenance and the fear of a possible spring-time gasoline shortage which are contributing to the increase in gas prices. A result of this price increase is that drivers are coming up with several different alternatives, such as: taking the bus, buying smaller cars, not filling the gas tank completely, car pooling, and working more hours to compensate for the the cost of a trip to the gas pump. What do you think the increase of gas prices will do to the economy in general and for the car companies that produce larger vehicles such as SUVs?
6 comments:
IMO, the "green" companies will dominate in the end. These gas guzzling SUVs are not helping the situation any. Is it really necessary to have a 400 horsepower SUV to drive to and from work? People will begin to smarten up and purchase more efficient vehicles such as hybrids. The companies providing efficient vehicles will be more profitable because of this increase in consumer awareness.
Alternative fuels may be the answer to the oil crisis. Why not take the initiative and start in investing into renewable energy resources for transportation? Doesn't this seem like the logical approach?
I agree with the above statement, people with begin to purchase the hybrid vehicles. However, I do think this trend is still a little ways from being as popular as we might think. When computing the savings in gas vs. the cost of these vehicles, the purchase is yet to be entirely logical. Alternative fuels may be our best choice, especially for our near future.
I think that the increase in gas prices will ultimately be good for our economy. At some point people are going to become frustrated by the prices they are forced to pay when purchasing fuel. Once this happens I think that there will be a great deal of pressure on car manufacturers to increase the fuel economy of their cars. While some car companies have begun making more efficient cars, most of the cars still being offered do not get very good fuel economy. The pressure for a decrease in fuel consumption will help the economy by offering people new opportunities involving the development and production of fuel efficient vehicles.
I agree with the above article. I feel as if more people will purchasee the hybrid cars because our gas prices will keep on rising. I do feel though they are expensive but i feel they are worth it because you save more overtime on gas. Also i feel instead of gas we could use more alternatives. So I do agree with the article above
I also agree with the authors main points. Because of the dramatic increase in gas prices, people are going to have to consider new alternatives to oil. There has already been some progress in alternative fuels such as Ethanol. Car companies have also taken the price of gas into account when designing new cars. However, they are still producing large SUVs and trucks that reverse the good that's being done with hybrids and other fuel efficient cars.
Car companies are doing all they can, and it is soon going to be a requirement that a fleet of cars made by a manufacturer will total a certain amount of gas mileage. This means that although they continue to produce large trucks and suvs, but also much more fuel efficient cars. There is a downside to this, though, because the more fuel-friendly the car is, the more deadly it will be when in an accident. With fuel prices soaring again, it is hard for the consumer to choose between one option and the other. The oil market is making the decision a lot more difficult than it used to be to purchase a car and gasoline.
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