The auto industry hugely profits from changing gas prices?

Discussion in 'Economics' started by crgarcia, Oct 29, 2007.

  1. Prior to mid 1970s cheap gas, huge V8 cars.

    1975-1985 expensive gas, you switch to smaller 4 cylinder cars.

    90-2000 cheap gas again, everyone buys SUVs.

    2001+, expensive gas again, you dump your SUV -that still works fine- because of gas prices and buy a 4 or at most 6 cylinder car.

    I forecast that maybe 10 years on, oil will be cheap again, and everyone will buy huge cars and dump their econoboxes.
  2. Everyone should just buy economical cars all the time; that way, there is less pollution in the air and you save money on gas.