Wednesday, January 17, 2007

It may soon be time to switch cars

This is from CNN.com

"U.S. auto executives are bracing for gas prices to more than double over the next decade and for sharply higher U.S. fuel economy standards - a step the industry has long resisted, according to an academic survey released Tuesday. Gas prices will average slightly more than $4 a gallon by 2015 and just over $5 a gallon by 2020, according to the survey conducted by the University of Michigan Transportation Research Institute."

Four dollars?! I think this has a lot to do with Americans loving the SUV's and mini-vans. They use up gas so quickly that the demand for gasoline goes more and more up. And for large families, it makes sense to have one. But now I think we will soon realize that we'll need to make some concessions. Electric cars and hybrid cars will continue to increase in their availability. And who knows, perhaps one day, gasoline powered cars will be as old-fashioned as cassette players are now.

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