Friday, September 02, 2005

oh. my. goodness. (Hallelujah!!!)

American car buyers seen at a tipping point

Surging gas prices driving consumers away from gas-guzzling vehicles


("Its about f_cking time, .")

American drivers have remained relatively unmoved by rising gas prices in recent years. In 2004, Hurricane Ivan tore through underwater oil pipelines in the Gulf, cutting output from oil refineries and driving gasoline prices above $2 a gallon. Yet consumers continued to buy gas-guzzlers, responding to Detroit’s incentive programs...while SUV owners may have been willing to pay $50 to fill a 20-gallon gas tank when a gallon cost $2.50, at $3 a gallon a fill-up costs a SUV owner $60, and as the cost edges closer to $100 it will start to make smaller cars look more attractive.

“With every major shift in gas prices over the last year we have not seen a major shift in consumer buying practices, but there’s definitely a breaking point where people will consider smaller vehicles, and $60 for a tank of gas is where we think people will sit up and take notice,"

http://www.msnbc.msn.com/id/9142893/

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