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Yes, we saw people switch to more efficient transport in the US at $4/gallon. I think this is the long term ceiling, where people will switch to at least a plug
by yessql 10y ago
Yes, we saw people switch to more efficient transport in the US at $4/gallon. I think this is the long term ceiling, where people will switch to at least a plugin hybrid and cover 90% of their driving on electricity.
- elsonrodriguez 10y agoThat's a pretty great point. People started trading in their SUVs last time, this time they will be getting something that doesn't need gasoline at all. I don't think OPEC realizes how dangerous of a game they are playing.
- Fjolsvith 10y agoI wonder if this amount is tied to the cost of a gallon of milk in the consumer's mind?