Steve_Gehlbach's Blog

Sipedo is right -- the U.S. automakers conducted a study when we hit the $3.00 mark last year -- findings were that driving habits didn't change much. Much of the price hikes of late are artifically-driven (Iran - British deal, Speculators and the fact that winter started like a lamb, but is fininshing like a lion! Depending upon the Hurricane season, (off-shore/port disruptions), we might make it to the $3.00 mark, but it can't sustain itself. Depite OPEC's cutbacks, the supply will enventually lower prices @ least $0.50/gal

Do I hear $4? Supply and demand, there is no other reason/answer. People will not cut back until it really hurts. And when they try to cut back they will believe everything the automakers and government tells them. For example the hybrid car is an invention that conserves very little energy. It simply substitutes energy sources and makes a bigger profit for the automakers. Ever wonder why they can make such a long lasting battery for hybrids but not for the regular car?