The only way people are going to change their car buying habits, and the only way government will get behind alternatively fueled vehicles, is if gasoline prices continue to go up.
Sentiment: NEGATIVE
As the price of gas goes up, people will become more conscience of how much they use.
If the Administration does nothing, high gasoline prices will continue to increasingly burden our economy, taking millions of dollars out of the hands of families and putting it straight into the pockets of OPEC.
Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
Motorists who want to save money on gas will demand and buy more fuel-efficient vehicles. We should not limit their freedom with more government regulations.
I don't see a groundswell of people willing to raise gas taxes right now. That leaves fuel economy standards as the only effective tool we have as a nation to make a dent in our dangerous and ever growing consumption of oil.
We have gasoline at $2 a gallon. If that doesn't drive demand, I don't know what will.
One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use.
What I've seen around the world is if the regulatory desires are combined with things that affect consumer behavior - such as in Europe, they tax gasoline very heavily - you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.
Certainly, we are hurt by the high fuel prices because it raises our cost.
There is no reason why, with the huge potential for market out there in the world for fuel-efficient vehicles, we can't be the cutting edge for change.
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