14 May '18, 5pm

What happens when gas hits four bucks a gallon in the USA?

What happens when gas hits four bucks a gallon in the USA?

When Ford announced that it was getting out of the car business in North America, I concluded that it might be short-sighted; "gas prices can increase because of disruption in the Middle East, economic crashes or a change in government to one that imposes tough fuel economy standards. With what's happening in the States now, it could be all three. Demand for little fuel-efficient cars could come back with a bang." So here we are, just two weeks later, Trump has pulled out of the Iran deal and the Middle East is blowing up, oil is up to seventy bucks a barrel and gas is following it, climbing toward $ 3 per gallon. (It is already hitting $4 in California) Stephanie Yang and Alison Sider of the Wall Street Journal note: Economic growth has boosted demand for oil. If that growth continues, most consumers should be able to afford to pay more to fill up their tanks. But conflic...

Full article: https://www.treehugger.com/cars/what-happens-when-gas-hit...

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