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Sales of Gas Guzzlers Benefiting From Cheaper Gas
2014-12-30 04:11:17| Auto Dealers - Topix.net
The drop in oil prices that's beaten down the cost of gas at the pump is a "double-edged sword," experts say: great for gas-guzzling auto owners and gruesome for government policies. A nearly 44 percent drop in oil prices since June has triggered a gas-price slide to around $2.40 a gallon, and reignited the American love affair with big cars and trucks, with sport-utility vehicles and trucks chalking up 52 percent of auto sales in October up from 49 percent October 2013 and 44 percent in October 2008, The Wall Street Journal reports.
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Category:Automotive