Hybrid Cars –
Selling out due to High Gas Prices
April 22nd, 2006
The United States
is reaching new highs in gasoline prices due to Iran issues as well as
the aftermath from Hurricane Katrina damaging fuel refineries. Going to
the pump in California you can expect to see $3.00 a gallon for the
cheapest gas, which has stirred the State Government officials to
investigate possible price gouging.
traditionally known that fuel prices tend to go higher during the summer
months. With price hikes so early this year, it will be very likely
that the end of the fuel rise will not be over for quite a few months.
consumers have done is purchased hybrid cars to commute to and from
work. All of the major networks including NBC, ABC, CBS, and CNN have
run stories about the hybrid cars. Nightline said that they went
shopping from car dealers in search of buying a hybrid car and they are
all sold out. If GM could mass produce these hybrids at a profit, they
might be able to help pull out of their financial problems. The demand
for the hybrid is finally sticking as the price at the pump goes up.
It is a stressful
situation for many people that have to commute to go to work each day.
With double the cost of fuel it can add hundreds of dollars to their
monthly living expenses.
A news report by
ABC 7 Los Angeles said that some people are selling their possessions at
pawnshops to get money to pay for gas.
The ABC7 Los
Angeles report said the following:
consumers struggle to stretch their pennies to fill up at the pump.
With gas prices so high, some people are selling their possessions to
buy gas to put in their cars. So far, people are pawning their watches,
DVD’s, CD’s, video games and jewelry. They are telling shop owners they
need the money to buy gas. One pawnshop owner in Virginia says business
at her store has doubled since gas prices have risen and she expects her
business to grow as long as gas prices rise.”
prices will put a crunch on the cost of goods and can really hurt the
economy on a whole. The cost to ship and transport items will cost
more. This will raise the price for everything. Because many people
are stretched with the extra expense of not only gas prices for their
car, but also heating prices to heat their homes, there isn’t much money
left over for spending at the local stores.
The benefits of
the hybrid car help in reducing pollution and will use less gas compared
to a regular gas vehicle. A hybrid car uses both electric and gas to
power the vehicle. It greatly reduces the amount of emissions. There
is an extra expense to the batteries; however the government has a tax
rebate credit if you purchase a hybrid this year. The tax credit
depends on the hybrid car that you purchase.
manufacturers can ramp up production of the hybrids as the demand is now
here. Many people are faced with a need for an inexpensive vehicle to
commute to work with and some people have started to use public
transportation to help in avoiding the extra high fuel costs.
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