Gas Prices Falling Could Mean Less Demand For Green Cars

15 мая 2014 | Author: | Комментарии к записи Gas Prices Falling Could Mean Less Demand For Green Cars отключены


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| By: Pete Bigelow | AOL Autos

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Gas have tumbled over the two months. That’s a good for consumers, but not so good for sales of cars, because car shoppers to go revert to their old gas-guzzler once gas becomes cheap

The average price at the pump has in 52 of the past 59 days, according to AAA In September, the average fuel of new cars sold plummeted 0.3 per gallon to 24.6 mpg, the inefficient number in nine say University of Michigan researchers. means buyers were opting for cars with fuel economy, even gas prices were still $3 a gallon.

In some states, the price fall to below $3 in the coming or weeks.

The decline likely the recent reduction in the price of said Michael Sivak, a researcher at the school’s Transportation Institute who compiles the monthly October’s fuel-economy average is not yet

Buyers in October already turning away from and electric vehicles. Sales of the Volt dropped 32 percent over year, falling to units during the month, to Autodata Corp. Sales of the Toyota Prius models 6.9 percent to 15,623. Not every car was affected by the slump, however.

of the Nissan LEAF reached units, a 27 percent increase October 2012.

Green car sales actually 4.3 percent during October, but a paltry gain considering car sales were up 10.6 last month. In September, sales declined 1.8 percent year over year, the sales month of 2013.

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say the gasoline prices could falling through the end of the year, could further dampen car sales. Today, motorists the U.S. are paying an average of per gallon. and AAA’s Avery Ash they could reach which would be the cheapest gas February 2011.

Reasons for the decline include supply, declining demand and a switch to a winter blend costs 10 to 15 cents per gallon to produce. Another big reason has a lack of a problem. Last Hurricane Sandy struck the Coast in early November.

In years, weather-related problems and problems have sent skyrocketing. Not this year.

There are fewer frowns on faces as they leave gas Ash said.

Some states are seeing prices below the $3 per mark, including Missouri, has the nation’s cheapest gas at $2.91 per Texas and Arkansas are averaging per gallon.

Pete Bigelow is an editor at AOL Autos. He can be reached at and followed on Twitter @PeterCBigelow.

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QUANT e-Sportlimousine Electric Cars
QUANT e-Sportlimousine Electric Cars
QUANT e-Sportlimousine Electric Cars
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QUANT e-Sportlimousine Electric Cars
QUANT e-Sportlimousine Electric Cars

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