Branden
Well-Known Member
- Joined
- May 20, 2014
- Threads
- 8
- Messages
- 225
- Reaction score
- 51
- Location
- Indianapolis, IN
- Vehicle(s)
- 2018 GT350
Gas prices have more to do with supply and demand than whether the saudis decide to jack up prices. I see much less conspiracy here, and more basic economics.It matters because the gas prices won't stay low for long with a raise in gas tax in the works and all depends on when the saudis decide to bring the prices back up too... for the obama lovers out there.. it had nothing to do with him at all.. just sayin
Since petroleum has a very inelastic supply curve, slight shifts in demand have a significant impact on price. Think about it--it's not easy to build a new oil rig, that takes years. It's also very costly to shut one down. The real reason is that global demand has decreased slightly, but enough to have a significant impact on gas prices.
Man this beer is good. Anyway, I'm seeing about 18 MPG with 600 miles on the odomemter in my automatic GT. Pretty much all city though. I see a huge difference during "fun driving" when there is no snow or ice versus slow driving when I'm being careful. We've had some 0 degree days, so I really baby it when it's that cold.
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