Gas Prices Finally Below $3
October 21st, 2008 by Hal Moses
The national average for gasoline has finally hit $2.92, and will probably keep falling, which makes you wonder if the decrease in fuel prices will impact car shoppers.
In early October, the federal government claims the demand dropped 9.7%, despite the lower prices.
The main reason that motorists are cutting back is the poor economy, however the summer’s high fuel prices began a spiral down in demand.
Whatever the reason may be, there hasn’t been any indication that consumers are going to shift back to large trucks and SUVs. Apparently, even though $4 per gallon gas was temporary, it made a large impact on drivers. After all, many people found themselves avoiding fill-ups and calling for roadside assistance after running out of gas.
Tags: roadside assistance