Gas Prices: How high is the “Breaking Point”?
April 21, 2008 by Malcolm
Filed under Automotive, Automotive News, Hybrid, Hydrogen
So how high will gas prices have to go before it is a breaking point for Americans in the USA? Many have already found a breaking point and have to resort to a different lifestyle. Many Americans are really worried and concerned about the steadily rising gas prices in the way that they are starting stay at home and not drive as much.
As our economy slows and the near future outlooks looks grim we all have been affected in some way with the record high gas prices. It is starting to trickle down to other items such as in the local grocery store. Stores are forced to raise prices due to the higher priced fuel for the trucks that transport the store items. Then you have other items for retail stores where the items are trucked over the US interstates and highways where the gas is at a national average of $3.50 a gallon. We are pretty sure that we will see $4.00 sometime this early summer… it is only inevitable with the track that we are on.
So what is your breaking point? Has it already occurred? I know one of the staff members at Automotive Addicts sold his SUV for a Toyota Camry Hybrid last week. Many people are making moves to change up their lifestyle and staring to think “green”. When some people think of “green” it does not necessarily mean hybrids or hydrogen powered cars, it means the new lack of money in their pockets due to the high gas prices.
How will you afford to get to work? How will you afford to take your family on the summer vacation this year? How will you afford to make a trip to see your sick family member in the neighboring city or town? Unfortunately we do not have an answer for you. Hopefully the stimulus package check will help out some middle-class Americans where they can maybe purchase a few tanks of gas. Otherwise, we will have to take out a loan in order to “fill up”.
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Jim on Sun, 25th May 2008 10:46 pm
The solution is so painfully simple it defies belief that this country has not already went into action. First, declare a federal emergency. Second, make energy priority 1 and begin a blitz campaign to build new refineries, drill for new oil reserves offshore and, yes, on the north slopes of Alaska. Third, release enough federal oil reserves to immediately lessen the burden of high-cost fuel. Fourth, and finally, pull out of Iraq and use that money for accelerated research and development of alternative energy sources. Now is that so difficult?