Anonymous wrote:Anonymous wrote:Anonymous wrote:The rural and suburban with tight budgets who love large cars are going to be in trouble.
This represents a not-insignificant part of the population! Hence the upcoming GOP loss at the midterms.
As soon as gas prices come down, of course, they will revert to form.
The prices will remain high for years. Lots of damage done to the Persian gulf’s oil infrastructure.
you know that we can extract our own oil domestically, right? You know why we buy foreign oil, so we don't have to use our own (as much).
Anonymous wrote:Anonymous wrote:The rural and suburban with tight budgets who love large cars are going to be in trouble.
This represents a not-insignificant part of the population! Hence the upcoming GOP loss at the midterms.
As soon as gas prices come down, of course, they will revert to form.
The prices will remain high for years. Lots of damage done to the Persian gulf’s oil infrastructure.
Anonymous wrote:The rural and suburban with tight budgets who love large cars are going to be in trouble.
This represents a not-insignificant part of the population! Hence the upcoming GOP loss at the midterms.
As soon as gas prices come down, of course, they will revert to form.
Anonymous wrote:Anonymous wrote:No their big SUVs are more important to their image than anything else.
OR...it doesn't make sense to buy another vehicle bc the price difference in gas would not make up for the increased vehicle cost / depreciation of my vehicle for a long time.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
^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.
Have you been to middle America? The people buying these cars are not exactly one percenters.
Are you joking! I see multiples of these types of cars on my 15 minute drive in DC. On some of these narrow streets it’s impossible to it to remain a 2-way street due to the size of these gas guzzlers.
Anonymous wrote:Anonymous wrote:Anonymous wrote: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.
^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.
Have you been to middle America? The people buying these cars are not exactly one percenters.
Anonymous wrote:Anonymous wrote:No their big SUVs are more important to their image than anything else.
OR...it doesn't make sense to buy another vehicle bc the price difference in gas would not make up for the increased vehicle cost / depreciation of my vehicle for a long time.
Anonymous wrote:No their big SUVs are more important to their image than anything else.