Sunday, December 7, 2008

Don't get used to it.

I purchased some gas today, and I was actually happy about it. Why? Because it was $1.59/gallon. We call that awesome 'round these parts. I just think it's especially interesting because we've sort of gotten in this mindset that we'd never see these sort of prices again. Case in point:


Above: I don't remember any planes at the gas station today

It's not every day the Internet has to eat its words. But here's the thing, it won't last. Lets all enjoy it, but don't rely on it. Even though this trend is recent, people seem to be forgetting that. According to Marketwatch, in May only about 9% of SUV owners that traded in their vehicles got another large one. Just a few months ago, when prices began to plummet, that rate had risen to over 20%. This is a troubling trend.

I just don't want this to be one of those never-ending cycles. Gas gets cheap, people buy huge cars that they don't need, gas prices spike, everyone freaks out. I could see the "big three" thinking that they don't actually need to retool in the near future. Maybe they get their bailout, and gas stays cheap for a year or two. Enough time for people to stop clamoring for fuel efficiency (because people have shit long-term memories). It's like a snake eating it's own tail or something.

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