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Reply to "Will $4 a gallon gas hurt gas guzzler sales? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of the people who buy those cars probably don’t care. They can afford to pay 25% more or even 50% more for gas. I just looked up the capacity of a Chevy Suburban and it holds 28 gallons. So at $3/gallon it costs $84 to fill the tank from empty. At $4/gallon it costs $112. So for a family that fills up once a week that’s $1456 more a year. A lot to some of us but not a factor for others. If the inflated car prices and crazy high interest rates haven’t deterred them yet, I don’t see this moving the needle for new car sales. [/quote] ^This. In a K-shaped economy, the upper branch of the K have been the ones buying the Suburbans and Denalis, and they are unphased by $4 gas. [/quote] Have you been to middle America? The people buying these cars are not exactly one percenters. [/quote]
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