Gasoline selling as low as $1.93 and $1.91 in my part of Florida on Friday. It’s less than a week since gas prices broke the $2 barrier. Welcome to a strange New Year.
Most stations in my area, north of Tampa-St. Pete and near the southern edge of the Nature Coast, are attempting to hold the gas price line at about $1.94. The ground in Florida is sandy, so you can consider that a line in the sand. A line that’s already been crossed. If gas prices break below $1.90 a gallon next week, will it become a price rout? Probably not.
Today I also noticed that one gas station in my neighborhood has closed since Christmas. Closed for renovation or reconstruction? Or closed for good? Or would that be, more accurately, closed for bad?
With both Ford and General Motors going out of the car business, I wonder how many dealerships will close or consolidate this year and next? How many autoworkers will be laid off? For the record, the companies will continue making a few old-fashioned cars, such as the Ford Mustang. And Ford and Chevy will remain very much open for business. But not Buick. Not sure about Cadillac.
American automakers are simply giving up on sedans and focusing on SUVs and trucks, which remain popular and profitable. American automakers are surrendering to Japanese and Korean automakers. Ford, General Motors, and Chrysler can’t compete, or don’t have the will to compete.
Are falling gas prices and rising popularity of large SUVs and trucks mutually reinforcing trends?
With large parts of the U.S. government closed on purpose by U.S. “leaders” and many Federal workers no longer being paid, with automakers and gasoline industries closing facilities and laying off workers, and the stock market . . .
I can’t finish the above sentence. My mind is unable to grasp the implications.
Where is the bottom?
— John Hayden