Quote:
Originally Posted by godfather2112
They could move supply chain which will likely add additional cost which will push pricing up. That said, and hopefully it doesn't derail the **** out of this thread, but I sure as **** am not even considering a 2nd car / fun car given current political and economic climate. Hell, I'm half debating selling my truck for an old used Prius and a cheap older 4wd truck like an S10 or something.
I feel like something is going to break and it won't be good if / when it happens.
20k miles a year at 20mpg equals 1000 gallons. At dollar a gallon increase. Thousands bucks, not worth switching. Pay a lot more getting over priced used car esp. Prius. Even at three dollars more a gallon it's not worth paying double what a used car is. Drive less, cut budget elsewhere. Obviously, different scenarios come to play and yours could be one. Not you but most people do not know how to calculate their owns cars mpg. Not to mention one big problem with a used car purchases really throws savings out the window. Tires will be more, heating oil up. All food with wheat will double if its available. So on and so forth. Oil will hit demand destruction very fast. They are already downgrading energy stock as I write this. ConocoPhillips was buy status 24 hours ago. Advice do nothing as far as buying because of oil.
I forgot to mention
With trucks and V8 cars. People where selling/trading taking the profit off their cars upgrading to newer models or fuel efficient models. That party is ending too. Last thing people are buying is costly truck with high operating costs unless truck is needed for it was designed for and using business write off on taxes plus operating costs etc.