How fickle are we?
Seriously? Is the American public so fickle that we only care about reducing dependence on oil and better fuel economy when gas is over $2.00 a gallon? I honestly hope the drop is sales more a result of the slumping economy and not a knee-jerk reaction gas prices. For one, hybrid technology is a major step forward for the auto industry and we need to continue to support ways to improve our vehicles. But more importantly, these low gas prices are not going to last. Today again OPEC announced they are slashing production. Prices have already gone back up $0.30 a gallon in my neighborhood. I expect them to be back over $2.00 by mid-January at the latest. I'm hardly an economics expert, but it seems obvious the price plunge was more the result of the sudden stock market collapse than anything else.
The fuel crisis our nation faces has not passed, the coast is not clear from here on out. Believe me I am just as thankful for the lower gas prices as everyone else. I can't remember the last time I got by for two weeks with only $20 worth of gas, but I know realistically things won't stay this way for long. A permanant solution is still a ways off, and we need to keep working towards it.
Labels: economy