Oil Prices Jump to All Time High Again ~ Hybrid Car Review
Hybrid Car Review: Oil Prices Jump to All Time High Again

Monday, March 17, 2008

Oil Prices Jump to All Time High Again

U.S. crude oil prices jumped to $111.80, then quickly dropped back down to $105.65.

If oil prices keep rising, gas prices will follow suit, of course.

Which means hybrid car sales should increase in the coming months, but only if more are being made. Unfortunately, I get the feeling that's not going to happen. Production is at a peak for most hybrid cars right now. The only likely place for sales to increase is in the hybrid SUVs from GM since they are brand new.

Will these large SUV hybrids benefit from high gas prices?

According to the oil execs, the price of oil is higher than it should be since the supply and demand of oil has remained steady and because there haven't been any recent crises. Instead, the weakness of the U.S. dollar is at fault for the jump upwards, added to speculation by investors.

Get Four Free Price Quotes From Yahoo! Autos Hybrid Research and Pricing at Edmunds.com

No comments:

Post a Comment

Comments posted on Hybrid Car Review will be moderated. Please avoid dropping links just for the sake of links. The comment will be deleted shortly after. Keep comments on topic and non-abusive. Thanks!

Automotive Parts

E-Bay Motors


  © Link to Privacy Policy

Back to TOP