Originally posted by jaje
gas prices are up to the 7th highest on record this week spurred by the eventual attack on iraq (2nd largest producer of oil in the world and with saddam's scorched land policy [burn and destroy every oil rig outside of baghdad]) and the fact that the US oil reserves are at an all time low to artificially keep oil prices low
this binge on oil is not backfiring and since the gov't and the american auto industry has continually turned its back on the problem it will explode and we will have the long gas lines adn those that can't afford to buy gas for the guzzlers
Sounds like some BIGger rebates are coming for trucks and SUV's.... Higher gas prices will also help Japanese car sales too and Detriot can't afford that either.
Something else I have noticed at the 03 autoshows (Detriot, LA & Chicago) are that a majority of cars coming out of Detroit is big, heavy and a V8 (Caddy 16, Chevy SS, Dodge Magnum and Durango, Ford 427 & F150, etc.) and plenty of 4WD too. These vehicles can't be good for their CAFE averages and just goes to show that they don't take CAFE averages seriously and they are just digging their hole deeper.