4 ms·

> At a certain price for gasoline and diesel, sustained, I'm sure they will change their mind. I'm not. My first car was a used late-70s Ford V6, which got 15m

by ilamont 2mo ago

> At a certain price for gasoline and diesel, sustained, I'm sure they will change their mind. I'm not. My first car was a used late-70s Ford V6, which got 15mpg on a good day. The car was made 5 years after the first Middle East oil shock, and clearly Detroit was still making boats for millions of people who wanted them.

toomuchtodo 2mo ago
n=1. Consumers are under stress with car payments at $500-$1000/month and credit cards maxed out. I have no doubt folks like you will keep your car to the end (as long as you can afford it), but in the aggregate, high fuel prices will destroy demand for combustion vehicles simply out of the total cost of ownership economics as it relates to fuel costs. You can see this today in the recent increase in used EV sales prices and gas guzzler repo rates over the last 90-120 days. Car prices continue to rise. Auto lenders compensate with long-term loans - https://news.ycombinator.com/item?id=49236530 https://news.ycombinator.com/item?id=49236530 - August 2026 US credit card debt climbs to $1.26tn, nearing last year’s record high - https://www.theguardian.com/business/2026/aug/12/credit-card-debt-increase-fed-report https://www.theguardian.com/business/2026/aug/12/credit-card... - August 12th, 2026 Used EV prices climb as demand grows - https://www.axios.com/2026/07/22/used-ev-prices-gas-demand https://www.axios.com/2026/07/22/used-ev-prices-gas-demand - July 22nd, 2026 Half of Americans struggle to afford groceries and gas, exclusive poll finds - https://www.theguardian.com/business/2026/jul/07/cost-of-living-poll-groceries-gas https://www.theguardian.com/business/2026/jul/07/cost-of-liv... - July 7th, 2026 How High Are Car Repossession Rates in 2026? - https://americandefault.org/guides/car-repossession-rates/ https://americandefault.org/guides/car-repossession-rates/ - June 25th, 2026 ("Car repossessions are climbing fast, back near the levels the U.S. last saw coming out of the financial crisis. There is no official national repossession rate, so the clearest live gauge is the share of auto-loan balances that are seriously delinquent, and it is near record highs. Repossession is the step that comes after.") Soaring car insurance premiums force many low-to-middle income Texans to do without - https://www.houstonpublicmedia.org/articles/economy/affordability/2026/04/01/547847/car-insurance-price-texas-premiums-low-to-middle-income-do-without/ https://www.houstonpublicmedia.org/articles/economy/affordab... - April 1st, 2026 ("Approximately 12% percent of Texas car owners are uninsured.") $1,000 car loan payments are on the rise, stressing household budgets - https://www.cnn.com/2026/01/27/business/1k-car-loan-payments-budgeting https://www.cnn.com/2026/01/27/business/1k-car-loan-payments... - January 27th, 2026 > The high monthly car payments — coupled with other changes in her household budget, including higher rent — caused Dickerson to fall deep into debt. “Now I’m relying on the credit cards to live, to pay for things that I can’t pay now,” she said. “Food and stuff you need — the electric bill, phone bill. You think you’ll be able to pay them off next month and then you can’t.” Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds. High monthly car payments are putting tremendous stress on household budgets already struggling to deal with a higher cost of living. But many Americans need a car for everyday use, like commuting to work and grocery shopping.
- stockresearcher 2mo ago
  > increase in used EV sales prices and gas guzzler repo rates over the last 90-120 days. Obligatory: https://m.youtube.com/watch?v=F04MXepYiBs&ra=m https://m.youtube.com/watch?v=F04MXepYiBs&ra=m Go out on the interstate, or even the parkways and byways of your city. Fuel may be more expensive than it has ever been, but it still isn’t expensive enough to change behavior. You can see it with your own eyes.
  - toomuchtodo 2mo ago
    Gas Prices and Consumer Behavior in the United States - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6703058 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6703058 - May 3rd, 2026 > This paper looks at how changes in gasoline prices affect consumer behavior in the United States. Using data from the U.S. Energy Information Administration from 2020 to 2023, this study applies economic concepts like supply and demand, price elasticity, and consumer choice. The results show that even when gas prices increase, people still continue to buy gasoline in the short run because they depend on it. However, over time, consumers begin to adjust their behavior by changing how much they drive or switching to more fuel-efficient options. Overall, this paper shows how basic economic concepts can help explain real-life decisions and how people respond to rising costs. From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending - https://apnews.com/article/iran-war-consumer-economy-retailers-3fb28b7dfc4ba21689e6c7068a32c70e https://apnews.com/article/iran-war-consumer-economy-retaile... - June 7th, 2026 Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks - https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Sees-Oil-Demand-Destruction-Offsetting-Supply-Shock-Risks.html https://oilprice.com/Latest-Energy-News/World-News/Goldman-S... - June 1st, 2026 Americans Rethink Driving as Fuel Costs Keep Climbing - https://oilprice.com/Energy/Energy-General/Americans-Rethink-Driving-as-Fuel-Costs-Keep-Climbing.html https://oilprice.com/Energy/Energy-General/Americans-Rethink... - May 20th, 2026 > Record-high U.S. gasoline prices are changing consumer behavior, with more Americans using public transit, cutting driving, and reducing household spending. > “If the Strait doesn't re-open soon, I believe we could see the national average price of gasoline reaching $5/gal as early as sometime in June,” GasBuddy’s De Haan said last week. > Respondents in an ABC News/Washington Post/Ipsos poll at the end of April said they are changing their behaviors because of higher gas prices. > Over 4 in 10, or 44%, have cut back on driving, while 42% have cut other household expenses because of high gas prices. Fewer, 34%, say they have changed travel or vacation plans, while 15% have considered buying an electric vehicle, the poll showed. “In god we trust, all others must bring data.” —- Deming

by ilamont 2mo ago

toomuchtodo 2mo ago

n=1. Consumers are under stress with car payments at $500-$1000/month and credit cards maxed out. I have no doubt folks like you will keep your car to the end (as long as you can afford it), but in the aggregate, high fuel prices will destroy demand for combustion vehicles simply out of the total cost of ownership economics as it relates to fuel costs. You can see this today in the recent increase in used EV sales prices and gas guzzler repo rates over the last 90-120 days. Car prices continue to rise. Auto lenders compensate with long-term loans - https://news.ycombinator.com/item?id=49236530 https://news.ycombinator.com/item?id=49236530 - August 2026 US credit card debt climbs to $1.26tn, nearing last year’s record high - https://www.theguardian.com/business/2026/aug/12/credit-card-debt-increase-fed-report https://www.theguardian.com/business/2026/aug/12/credit-card... - August 12th, 2026 Used EV prices climb as demand grows - https://www.axios.com/2026/07/22/used-ev-prices-gas-demand https://www.axios.com/2026/07/22/used-ev-prices-gas-demand - July 22nd, 2026 Half of Americans struggle to afford groceries and gas, exclusive poll finds - https://www.theguardian.com/business/2026/jul/07/cost-of-living-poll-groceries-gas https://www.theguardian.com/business/2026/jul/07/cost-of-liv... - July 7th, 2026 How High Are Car Repossession Rates in 2026? - https://americandefault.org/guides/car-repossession-rates/ https://americandefault.org/guides/car-repossession-rates/ - June 25th, 2026 ("Car repossessions are climbing fast, back near the levels the U.S. last saw coming out of the financial crisis. There is no official national repossession rate, so the clearest live gauge is the share of auto-loan balances that are seriously delinquent, and it is near record highs. Repossession is the step that comes after.") Soaring car insurance premiums force many low-to-middle income Texans to do without - https://www.houstonpublicmedia.org/articles/economy/affordability/2026/04/01/547847/car-insurance-price-texas-premiums-low-to-middle-income-do-without/ https://www.houstonpublicmedia.org/articles/economy/affordab... - April 1st, 2026 ("Approximately 12% percent of Texas car owners are uninsured.") $1,000 car loan payments are on the rise, stressing household budgets - https://www.cnn.com/2026/01/27/business/1k-car-loan-payments-budgeting https://www.cnn.com/2026/01/27/business/1k-car-loan-payments... - January 27th, 2026 > The high monthly car payments — coupled with other changes in her household budget, including higher rent — caused Dickerson to fall deep into debt. “Now I’m relying on the credit cards to live, to pay for things that I can’t pay now,” she said. “Food and stuff you need — the electric bill, phone bill. You think you’ll be able to pay them off next month and then you can’t.” Record-high car prices coupled with high interest rates are leading to huge monthly car payments for many Americans. A record share of Americans — more than 20% — agreed to pay more than $1,000 per month for a new car loan at the end of the year, according to car sales site Edmunds. High monthly car payments are putting tremendous stress on household budgets already struggling to deal with a higher cost of living. But many Americans need a car for everyday use, like commuting to work and grocery shopping.

stockresearcher 2mo ago
> increase in used EV sales prices and gas guzzler repo rates over the last 90-120 days. Obligatory: https://m.youtube.com/watch?v=F04MXepYiBs&ra=m https://m.youtube.com/watch?v=F04MXepYiBs&ra=m Go out on the interstate, or even the parkways and byways of your city. Fuel may be more expensive than it has ever been, but it still isn’t expensive enough to change behavior. You can see it with your own eyes.
- toomuchtodo 2mo ago
  Gas Prices and Consumer Behavior in the United States - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6703058 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=6703058 - May 3rd, 2026 > This paper looks at how changes in gasoline prices affect consumer behavior in the United States. Using data from the U.S. Energy Information Administration from 2020 to 2023, this study applies economic concepts like supply and demand, price elasticity, and consumer choice. The results show that even when gas prices increase, people still continue to buy gasoline in the short run because they depend on it. However, over time, consumers begin to adjust their behavior by changing how much they drive or switching to more fuel-efficient options. Overall, this paper shows how basic economic concepts can help explain real-life decisions and how people respond to rising costs. From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending - https://apnews.com/article/iran-war-consumer-economy-retailers-3fb28b7dfc4ba21689e6c7068a32c70e https://apnews.com/article/iran-war-consumer-economy-retaile... - June 7th, 2026 Goldman Sachs Sees Oil Demand Destruction Offsetting Supply Shock Risks - https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Sees-Oil-Demand-Destruction-Offsetting-Supply-Shock-Risks.html https://oilprice.com/Latest-Energy-News/World-News/Goldman-S... - June 1st, 2026 Americans Rethink Driving as Fuel Costs Keep Climbing - https://oilprice.com/Energy/Energy-General/Americans-Rethink-Driving-as-Fuel-Costs-Keep-Climbing.html https://oilprice.com/Energy/Energy-General/Americans-Rethink... - May 20th, 2026 > Record-high U.S. gasoline prices are changing consumer behavior, with more Americans using public transit, cutting driving, and reducing household spending. > “If the Strait doesn't re-open soon, I believe we could see the national average price of gasoline reaching $5/gal as early as sometime in June,” GasBuddy’s De Haan said last week. > Respondents in an ABC News/Washington Post/Ipsos poll at the end of April said they are changing their behaviors because of higher gas prices. > Over 4 in 10, or 44%, have cut back on driving, while 42% have cut other household expenses because of high gas prices. Fewer, 34%, say they have changed travel or vacation plans, while 15% have considered buying an electric vehicle, the poll showed. “In god we trust, all others must bring data.” —- Deming