Summer is here so get ready to pay more for gasoline. My question today is why does the price of
gas seem to go up faster than the rate we can produce vehicles with better gas
mileage? The price of gas often depends
on what investors think the price of gas or oil will be in the future. When future gas or oil prices are projected to
be high, the price gets bid up even higher. Unfortunately, when the commodity price gets
driven up, the one who pays is you!
Since technology exists to remove dependency on gas, why is
it not happening faster? It probably
isn’t the ago old conspiracy that the government benefits from greater fuel
consumption, but the fact that battery production is suffering. Production demands have delayed several
vehicles from making it to production.
Until manufacturers can figure out how to produce HEV (hybrid electric
vehicles), PHEV (plugin hybrid electric vehicles) and/or EV (electric vehicles),
we will just have to suffer from high gas prices.
I really do miss the days when I would take my rabbit
convertible for a nice ride through the country. With gas prices today, those joyrides are a
thing of the past.
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