In the last week, I’ve noticed that more and more scooters are buzzing around my small town…and their owners are smiling.
Charles Krauthammer speaks to the tipping point of $4 per gallon in Real Clear Politics…
At $4, Everybody Gets Rational
June 06, 2008
By Charles Krauthammer
Real Clear Politics
WASHINGTON — So now we know: The price point is $4.
At $3 a gallon, Americans just grin and bear it, suck it up, and, while complaining profusely, keep driving like crazy. At $4, it is a world transformed. Americans become rational creatures. Mass transit ridership is at a 50-year high. Driving is down 4 percent. (Any U.S. decline is something close to a miracle.) Hybrids and compacts are flying off the lots. SUV sales are in free fall.
The wholesale flight from gas guzzlers is stunning in its swiftness, but utterly predictable. Everything has a price point. Remember that “love affair” with SUVs? Love, it seems, has its price too.
America’s sudden change in car-buying habits makes suitable mockery of that absurd debate Congress put on last December on fuel efficiency standards. At stake was precisely what miles-per-gallon average would every car company’s fleet have to meet by precisely what date.