Throughout the past several weeks the economy of the United States and other large importers of oil have struggled to maintain positive amidst the turmoil in the middle-east. Civil unrest and pressure have led to a decrease in oil production and increase in the price for a single barrel. We have seen prices reach the $100 mark and beyond, and there are no signs of a ceiling.
These two year highs for the price of crude oil have led to OPEC releasing more supplies from our reserves, but it has not quelled the price hike. California is currently suffering from the highest prices nationwide and they have reached within a cent of $4.00 per gallon for regular unleaded. This has put added strain on a struggling economic environment for many people and, if this continues, it will drag our economy further down. With cars like the Toyota Prius and other hybrids hitting the market every week, it is good to see that the manufacturers are realizing that gasoline will not be the answer to our future problems.
The major auto shows and car introductions across the world, including the biggest in the United States, Detroit, are where auto manufacturers try to sell the public hot-air. Most of the amazing and futuristic concept cars are so far on the other side of being a production possibility they might as well be alien. The recent economic climate across the world has shifted the car companies in a new direction and the consumer continues to pull them even further. People are eager for cars that are economical and exciting – most people enjoy driving, just not having to pay $4.00 per gallon to do it.