Originally Posted by
Name User
I reckon gas has to hit $8 or so before we really start to see major pull backs. Still a long way from that. But the optics of seeing $4 or $5 gas when it was $3 a year ago aren't great and will start to erode spending.
People driving efficient vehicles aren't taking much of a hit. A 50 mpg hybrid it's about $30/month more assuming 15k miles. A 15 mpg truck more like $100/month.
To your credit, so far it seems this has had almost no effect on consumer spending. Hopefully they keep buying airline tickets.
The true believers of the doomsday scenario should be buying a fleet of Priuses and motorcycles to flip and turn a tidy profit in a couple of months.
In the real world, Prius sales are absolutely tanking right now. (Loosing market share to the hybrid Camry and other hybrids)
I dunno.